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Bramble is considering the purchase of a new weaving machine to prepare fabric for its...

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Accounting

Bramble is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $70,235 and will save the company $10,000 in direct labor costs. it is expected to last 10 years.

(a) Calculate the internal rate of return on the weaving machine.

Internal rate of return______________%

(b) If Brambles use a 9% hurdle rate, should the company invest in the machine? Yes or NO

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