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The actual cost of a material is $2.33 per produced unit. A Six sigma team develop a productivity project that reduce the cost to $2.20

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The actual cost of a material is $2.33 per produced unit. A Six sigma team develop a productivity project that reduce the cost to \$2.20 per produced unit. The total production is 15920 units in a year. The project required a new equipment with a cost of $3120. Without depreciation and learning curve, determine the IRR of the investment. Use two decimal points

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