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Tina F. is considering the purchase of a machine that would cost $43,256 and which has a 5-year useful life. The machine would generate cash

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Tina F. is considering the purchase of a machine that would cost $43,256 and which has a 5-year useful life. The machine would generate cash inflows of $20,000 each year, at the end of the year. The machine's operating cost would be $7,400 per year at the end of the year. The machine's internal rate of return is closest to 16% 14% 12% 11%

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