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QUESTION 9 Forte, Inc is considering purchasing a machine that costs $75,000. The machine is expected to generate after-tax cash flows equal to $30,000, $38,000,
QUESTION 9
Forte, Inc is considering purchasing a machine that costs $75,000. The machine is expected to generate after-tax cash flows equal to $30,000, $38,000, and $28,000 during its 3 year life. What is the IRR of this project?
11%
12%
13%
13.56%
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