Problem 12-17 (calculator version) King's Department Store is considering the purchase of a new machine...
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Finance
Problem 12-17 (calculator version) King's Department Store is considering the purchase of a new machine at a cost of $23.105 The machine will provide $3,600 per year in cash flow for ten years. King's cost of capital is 11 percent a. What is the IRR? (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.) IRR b. Using the IRR method, evaluate this project and indicate whether it should be undertaken Yes
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