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Prohlem 12-15 Elgin Restaurant Supplies is analyzing the purchase of manufachiring equipment that will cost $20,000. The annual cash inflows are as follows. Tear Cash

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Prohlem 12-15 Elgin Restaurant Supplies is analyzing the purchase of manufachiring equipment that will cost $20,000. The annual cash inflows are as follows. Tear Cash Flow 1 $10.00!} 2 9,000 3 6,500 a. Determine the IRFI using interpolation. [Round the nal answer to 2 decimal places] IRE ' h. I|I.'.l'rth a cost of capital of 12 percent, should the machine he purchased? 95 It\" 1'I"es F No c. I|I.'-|'ith information from part .0, compute the Pl. {Round the final answer to 3 decimal places] Pt I

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