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Pink Company is considering purchasing a large machine to reduce its labor costs. The machine will cost $28,272 and will have a useful life of

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Pink Company is considering purchasing a large machine to reduce its labor costs. The machine will cost $28,272 and will have a useful life of seven years, and after seven years, the machine will be worth $0. The machine will provide Pink Company with annual savings in labor costs of $6,000. What is the machine's internal rate of return? 12% O 13% O 11% O 14%

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