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Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $22,315 and will have a useful life of 5

Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $22,315 and will have a useful life of 5 years and no salvage value. The new machine will provide operating income of $2,037 per year. What is the internal rate of return for the new bottling machine?

A. 16% B.8% C.12% D.14%

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