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points). Financial data related to a piece of equipment are provided in the table below. Initial cost $18,000 Annual cost $1,500 Annual benefit $5,500 Salvage

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points). Financial data related to a piece of equipment are provided in the table below. Initial cost $18,000 Annual cost $1,500 Annual benefit $5,500 Salvage value $2,000 Useful life (years). 12 What is the internal rate of return (irr)

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