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Using the following data: (and ignoring the impact of income taxes) Initial cost of equipment $1,000,000 Annual cash inflows $191,714 Salvage value $0 Estimated life

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Using the following data: (and ignoring the impact of income taxes) Initial cost of equipment $1,000,000 Annual cash inflows $191,714 Salvage value $0 Estimated life 10 years The internal rate of return on this investment is closest to: 14% 12% O. Cannot be determined with the data given 16% 10%

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