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Lynch Corporation bought a piece of machinery. Selected data is presented below: Useful life 8 years Yearly net cash inflow $48,000 Salvage value - 0
Lynch Corporation bought a piece of machinery. Selected data is presented below:
Present value tables or a financial calculator are required. The initial cost of the machinery was
| Useful life | 8 years |
| Yearly net cash inflow | $48,000 |
| Salvage value | - 0 - |
| Internal rate of return | 16% |
| Cost of capital | 13% |
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
