The management of erion corporation is considering the, Ask an Expert

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The management of Erion Corporation is considering the purchase of an automated molding machine that would cost $280,534, would have a useful life of 5 years, and would have no terminal (salvage) value. The automated molding machine would result in cash savings of $74,000 per year due to lower labor and other costs.

Determine the internal rate of return on the investment in the new automated molding machine. SHOW ALL WORK

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91602979

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