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Oriole Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive and the cost of the new equipment and the
Oriole Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a 8 percent discount rate for production systems Year System 1System 2 $15,490 $48,504 115.519 33,010 215.519 33,010 3 15,519 33,010 Compute the IRR for both production system 1 and production system 2. ( Do not round intermediate calculationsRound answers to 2 decima
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