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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 $30,510 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 $30,510 for 6 years. What is the approximate internal rate of return (as a decimal, so 1% would be 0.01)? OA: 0.03 B: 0.04| OC: 0.05| OD: 0.06 E: 0.07|| OF: 0.08

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