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Business, 06.10.2019 05:50 SKYBLUE1015
Darrin corporation is considering a proposal to purchase a new piece of equipment. the cost of the equipment is $16,611. the equipment is estimated to provide an annual cash flow of $3,000 for the next nine years. the company has a required rate of return of 15%. calculate the internal rate of return (irr), and interpret the results. use the present value of an annuity table.
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