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Swifty. Inc, is considering purchasing equipment costing $21000 with a 7 -year useful life. The equipment will provide cost savings of $4600 and will be

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Swifty. Inc, is considering purchasing equipment costing $21000 with a 7 -year useful life. The equipment will provide cost savings of $4600 and will be depreciated straight-line over its useful life with no salvage value. Swifty Inc. requires a 10% rate of return. What is the approximate internal rate of return for this investment? 12% 9% 11%

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