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Sloan Corporation is considering the purchase of a machine that would cost $22,712 and would have a useful hife of 5 yeare. The machine would

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Sloan Corporation is considering the purchase of a machine that would cost $22,712 and would have a useful hife of 5 yeare. The machine would generate $6,300 of net a inflows per year for each of the 5 years of its life. The internal rate of return on the machine would be closest to: A. 8% 8. 12% c. 10% D. 14%

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