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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 $31,470 for 6 years. What

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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 $31,470 for 6 years. What is the approximate internal rate of return (as a decimal, so 1% would be 0.01)? B: A: 0.03 Oc: 0.05 D: 0.06 E: 0.07 F: 10.08 0.04

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