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X Company is considering buying a new machine that will cost $150,000 and that will generate annual cash inflows of $32,450 for 6 years. What

X Company is considering buying a new machine that will cost $150,000 and that will generate annual cash inflows of $32,450 for 6 years. What is the approximate internal rate of return (enter your rate as a decimal; so 1% would be 0.01)

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