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Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $34,000. The...

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Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $34,000. The annual cash inflows for the hext three years will be: Use Appendix B and for an approximate answer but calculate your final answer using the financial calculator method. a. Determine the internal rate of return. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. With a cost of capital of 14 percent, should the equipment be purchased? No Yes

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