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Current Attempt in Progress Paul White is the CEO of White Industries. Paulis interested in purchasing new pollution abatement equipment because the current equipment is
Current Attempt in Progress Paul White is the CEO of White Industries. Paulis interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient. The controller of the company has identified equipment that costs $126970 and will provide annual cash operating inflows of $34651 for 5 years. The equipment currently being used is 3 years old and could be sold for $2060 Periods 5 Interest rate 6% 8% 5 Type of cash flow PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity Factor 4.2124 3.9927 3.7908 3.6048 3.3522 5 10% 5 12% 15% 5 What is the equipment's internal rate of return? 15% 8% 10% 12%
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