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Sandhill Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $ 1 8 1 , 6 0 0
Sandhill Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $ has positive cash flows of $ per year, and has an estimated salvage value of $ Investment B requires an initial investment of $ has positive cash flows of $ per year, and has an estimated salvage value of $ Each piece of equipment is expected to have a year useful life. Use a financial calculator to determine the internal rate of return of each project to decide which is more desirable. Round answers to decimal places, eg
tableInvestment AInvestment B
is more desirable.
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