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Q1.1 5 Points You are considering investing $1,800,000 in a new production system that will provide after-tax cost savings of $150,000 at the end of

Q1.1 5 Points You are considering investing $1,800,000 in a new production system that will provide after-tax cost savings of $150,000 at the end of the first year. These cost savings are expected to grow at 5% per year forever. Calculate the internal rate of return of the production system. Show all calculations.

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