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Matina Corporation bought a piece of machinery. Selected data is presented below: Useful life 6 years Yearly net cash inflow P45,000 Salvage value - 0

Matina Corporation bought a piece of machinery. Selected data is presented below:

Useful life 6 years

Yearly net cash inflow P45,000

Salvage value - 0 -

Internal rate of return 18%

Cost of capital 14%

The initial cost of the machinery was

a. P157,392.

b. P174,992.

c. P165,812.

d. impossible to determine from the information given.

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