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Use the information provided below to calculate the Internal Rate of Return (expressed to two decimal places) using interpolation. (5 marks) INFORMATION A machine with

Use the information provided below to calculate the Internal Rate of Return (expressed to two decimal places) using interpolation. (5 marks)

INFORMATION

A machine with a purchase price of R1 200 000 is estimated to eliminate manual operations by R400 000 per year. The machine is expected to have a useful life of four years.

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