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Kanye Company is evaluating the purchase of a rebuilt...

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Accounting

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Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $ 174,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $ 34,572 Click here to view PV table. What is its approximate internal rate of return? (Round answer to 0 decimal place, eg. 125) Internal rate of return 96 eTextbook and Media Attempts: 0 of 3 used Send to

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