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You are considering a machine that would cost $850,000 and produce cash flows of $300,000 the first year, $200,000 per year for the next two

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You are considering a machine that would cost $850,000 and produce cash flows of $300,000 the first year, $200,000 per year for the next two years and $400,000 in the final year. Your required return is 10%. What is the IRR of buying the machine? A. 20.41% OB. 10.59% C. 8.73% OD. 21.23%

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