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Sloan Corporation is considering the purchase of a machine that would cost $24,388 and would have a usefut lfe of 6 years. The machine would

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Sloan Corporation is considering the purchase of a machine that would cost $24,388 and would have a usefut lfe of 6 years. The machine would generate $5,600 of net annual cat: for each of the 6 years of its life. The internal rate of return on the machine would be closest to: A. 10% B. 12% C. 6% D. 8%

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