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X Company is considering buying a new machine that will cost $145,500 and that will generate annual cash inflows of $24,242 for 7 years. If

X Company is considering buying a new machine that will cost $145,500 and that will generate annual cash inflows of $24,242 for 7 years.

If the company buys the new machine, what is the internal rate of return?

A: 0.03 B: 0.04 C: 0.05 D: 0.06 E: 0.07 F: 0.08

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