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QS 24-22 (Algo) Internal rate of return LO P4 A company is considering investing in a new machine that requires an initial investment of $38,149.

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QS 24-22 (Algo) Internal rate of return LO P4 A company is considering investing in a new machine that requires an initial investment of $38,149. The machine will generate annual net cash flows of $15,071 for the next three years. What is the internal rate of return of this machine? (PV of $1. FV of $1. PVA of S1, and FVA of $11 (Use appropriate factor(s) from the tables provided.) Annual Net Cash Flow Present Value Factor Initial investment Internal Rate of Return %

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