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Muse Corporation is considering purchasing a delivery vehicle that would cost $384,000, would have a useful life of 5 years and no salvage value. The
Muse Corporation is considering purchasing a delivery vehicle that would cost $384,000, would have a useful life of 5 years and no salvage value. The delivery vehicle would result in cost savings of $125,600 per year. Using the table below, the internal rate of return (IRR) on the investment in the delivery vehicle is closest to: Periods 19% 21% 17% 0.855 1.585 2.210 2.743 2.743 .1991 0.840 1.547 2.140 2.639 3.058 23% 0.813 1.474 2.011 2.448 2.803 0.826 1.509 2.074 2.540 2.926 3 4 | 5 3 1 Multiple Choice oooo
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