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The Valentine Company has decided to buy a machine costing $14,750. Estimated cash savings from using the new machine amount to $4,500 per year. The machine will have no salvage value at the end of its useful life if five years. If Valentine's required rate of return is 10%, the machines internal rate of return is closest?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970437

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