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Problem 1 2 - 1 8 ( Algo ) Net present value and internal rate of return methods [ LO 1 2 - 4 ]

Problem 12-18(Algo) Net present value and internal rate of return methods [LO12-4]
The Pan American Bottling Company is considering the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $51,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
\table[[Year,Cash Flow],[1,$20,000
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