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Oriole Company is evaluating the purchase of a rebuiltspot-welding machine to be used in the manufacture of a new product. The machine will cost $164,000,

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Oriole Company is evaluating the purchase of a rebuiltspot-welding machine to be used in the manufacture of a new product. The machine will cost $164,000, has an estimated useful life of 7 years and a salvage value of zero, and will increasenet annual cash flows by $35,940. Click here to view the factor table What is its approdmate internal rate of return? (Round answer to O decimal place, es 13%) Internal rate of return %

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