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The Diamond Oaks Company is deciding whether to purchase a machine for $80,000 which will yield the following cost savings: Year 1: $25,000 Year 2:
The Diamond Oaks Company is deciding whether to purchase a machine for $80,000 which will yield the following cost savings:
Year 1: $25,000
Year 2: $40,000
Year 3: $45000
The expected internal rate of return on this project is closest to:
a. 12%
b. 14%
c.16%
d. 18%
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