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Muse Corporation is considering purchasing a delivery vehicle that would cost $378,000, would have a useful life of 5 years and no salvage value. The

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Muse Corporation is considering purchasing a delivery vehicle that would cost $378,000, would have a useful life of 5 years and no salvage value. The delivery vehicle would result in cost savings of $110,100 per year. Using the table below, the internal rate of return (IRR) on the investment in the delivery vehicle is closest to: Periods 10% 0.909 1.736 2487 3170 3791 12% 0.893 1.690 2402 3.037 3.605 14% 0.877 1.647 2322 2914 3.433 16% 0.862 1605 2246 2798 3274 1 5 Multiple Choice

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