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Aurora Playground Equipment, Inc. is considering the purchase of a new production machine. The firm...

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Aurora Playground Equipment, Inc. is considering the purchase of a new production machine. The firm requires a 14.00% return on the investment and payback within 3 years. The machine is expected to provide cash flows as follows: $11,000 $5,500 $6,000 $1,000 $1,000 0 1 2 3 4 Determine the Internal Rate of Return (IRR) of the Machine and state whether the machine should be acceptable for investment and why

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