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Required information [The following information applies to the questions displayed below.) A company is considering investing in a new machine that requires a cash payment

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Required information [The following information applies to the questions displayed below.) A company is considering investing in a new machine that requires a cash payment of $43,158 today. The machine will generate annual cash flows of $17,050 for the next three years. What is the internal rate of return if the company buys this machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) X Answer is complete but not entirely correct. Amount Invested Annual Net Cash Flow $ 17,050 Present Value Factor 2.5313 $ 43,158 Find this factor on the appropriate table to estimate the Internal Rate of Return n = 4 X Internal Rate of Return 9 %

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