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Maps M Gmail Question 42 of 50 > -16 E View Policies Current Attempt in Progress Richard Miller is the CEO of Miller Industries, Richard

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Maps M Gmail Question 42 of 50 > -16 E View Policies Current Attempt in Progress Richard Miller is the CEO of Miller Industries, Richard is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient. The controller of the company has identified equipment that costs $122810 and will provide annual cash operating inflows of $33486 for 5 years. The equipment currently being used is 3 years old and could be sold for $2100 Type of cash flow PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity Periods S s 5 5 5 5 Interest rate 66 89 1056 12% 15% Factor 4.2174 3.9927 3.7908 3,6048 3.3522 What is the equipment's Internal rate of return? 105 O 12 O 15% OX Attempts: Dof 1 used SubantArt o 13 X C F5 FB F7 FO F10 FI Prisc F12 Incert Delen $ % 5 & 4 6 7 00* ( 9 ) 0 + Backa R . Y U

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