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show the steps to the answer Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product.
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Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.79 million and create incremental cash flows of $454,337.00 each year for the next five years. The cost of capital is 8.93%. What is the internal rate of return for the J-Mix 2000 Step by Step Solution
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