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What is the IRR for Machine D over a 4-year project life with the following details: Machine D Initial cost $375,000 Life in years 4

What is the IRR for Machine D over a 4-year project life with the following details:

Machine D

Initial cost $375,000

Life in years 4

Salvage after life 35%

Benefits 1st year $178,000

Costs 1st year $114,200

Inflation 5.50%

All benefits keep increasing every year 6.50% even when a new machine is bought.

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