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The Canyon Associates want to buy a machine that will cost $227,448 and provide an annual cash income of $60,000 for 5 years. What is
The Canyon Associates want to buy a machine that will cost $227,448 and provide an annual cash income of $60,000 for 5 years. What is the machine's internal rate of return? (Hint: Use the Present Value Table from above.) Present Value Factor for machine (round to 4 decimals) Internal Rate of Return
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