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Metlock Company is considering two capital expenditures. Relevant data for the projects are as follows: Project Initial investment Annual cash inflow Life of project Salvage

Metlock Company is considering two capital expenditures. Relevant data for the projects are as follows: Project Initial investment Annual cash inflow Life of project Salvage value A $171,575 $44,110 5 vears SO B $273,029 $49,310 9 years SO Metlock Company uses the straight-line method to depreciate its assets. Calculate the internal rate of return for each project

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