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Miller Manufacturing company is considering the purchase of equipment. The equipment would cost $70,235.82 and...

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Miller Manufacturing company is considering the purchase of equipment. The equipment would cost $70,235.82 and is expected to generate annual cash inflows of $10,000 over its 10 -year useful life. Based on this information, the internal rate of return for this investment opportunity is (Use the PVA of \$1 table) Multiple Choice 5% 7% 9% 11%

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