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View Policies Current Attempt in Progress Cullumber Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a

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View Policies Current Attempt in Progress Cullumber Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer- aided design and manufacturing machine for $434,200. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $102,635 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view the factor table. Calculate the internal rate of return on this new machine. (Round answer to O decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal rate of return % Should the investment be accepted? The investment be accepted. eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2

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