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Mark Harris is the CEO of Harris Industries. Mark is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not

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Mark Harris is the CEO of Harris Industries. Mark is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient.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 $131130 and will provide annual cash operating inflows of $35861 for 5 years. The equipment currently being used is 3 years old and could be sold for $1860 Type of cash flow Periods Interest rate Factor PV ordinary annuity 5 6% 4.2124 PV ordinary annuity 5 B% 3.9927 PV ordinary annuity 1096 3.7908 PV ordinary annuity 12% 3.6048 PV ordinary annuity 5 15% 3.3522 5 5 What is the equipment's internal rate of return? 12% 10% 15% B

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