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Your firm has the opportunity to buy a perpetual motion machine to use in your business. The machine costs $1,500,000 and will increase your profits

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Your firm has the opportunity to buy a perpetual motion machine to use in your business. The machine costs $1,500,000 and will increase your profits by $55,000 per year. What is the internal rate of return? Instructions: Enter your response as a percent rounded to two decimal places. The internal rate of return ispercent

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