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Miller Manufacturing company is considering the purchase of equipment. The equipment would cost $41,924.72 and is expected to generate annual cash inflows of $10,000 over
Miller Manufacturing company is considering the purchase of equipment. The equipment would cost $41,924.72 and is expected to generate annual cash inflows of $10,000 over its 10 year useful life. Based on this information, the internal rate of return for this investment opportunity is (Use the PVA of $1 table)
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