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Business, 22.04.2020 01:42 bm42400

Krauth Company purchased a machine for $162,600. The machine has a life of twelve years with no salvage value. It is expected that the machine will generate annual net cash inflows of $30,000 per year over its useful life. Assume Krauth Company employs a cost of capital of 10% on all capital investment projects. The internal rate of return (IRR) on the machine is closest to:

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Krauth Company purchased a machine for $162,600. The machine has a life of twelve years with no salv...
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