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Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating

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Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van will cost $52,260 with a six-year life. The expected additional cash inflows are $12,000 per year. What is the internal rate of return? A. 12% B. 10% C. 17% D. 7%

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