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Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] A company is considering investing

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Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] A company is considering investing in a new machine that requires a cash payment of $38,209 today. The machine will generate annual cash flows of $15,364 for the next three years. QS 24-13 Internal rate of return LO P4 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.) Amount Invested Annual Net Cash Flow = Present Value Factor Internal Rate of Return %

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