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Oakridge Appliances is deciding whether to purchase a machine for $84,000 that is expected to yield the following net cash flow savings:Year 1 $25,000, Year
Oakridge Appliances is deciding whether to purchase a machine for $84,000 that is expected to yield the following net cash flow savings:Year 1 $25,000, Year 2 $40,000, Year 3 $45,000. What is the internal rate of return on this project? a. 23.6% b. 13.4% c. 43.7% d. 29.8%
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