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Question 8 1 points Legend is considering the acquisition of a new machine that costs $149,040. The machine is expected to have a four-year service
Question 8 1 points Legend is considering the acquisition of a new machine that costs $149,040. The machine is expected to have a four-year service life and will produce annual savings in cash operating costs of $45,000. Legend evaluates investments by using the internal rate of return and ignores income taxes. Compute the machine's internal rate of return. Give your answer in decimal form so 9% would be 0.09 . Hint: be sure you give the interest rate not the factor
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