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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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