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Lumberjack Co is planning to expand its product line to include bushes. The expansion will require the company to purchase special mixing equipment at a

Lumberjack Co is planning to expand its product line to include bushes. The expansion will require the company to purchase special mixing equipment at a cost of $126,010. The equipment will have a useful life of 14 years. (a) If Lumberjack Co uses a 18% hurdle rate, what is the minimum annual net cash inflow required to make this project acceptable under the internal rate of return method?

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