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Reece Corporation is considering the purchase of a machine that would cost $18.216 and would...

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Accounting

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Reece Corporation is considering the purchase of a machine that would cost $18.216 and would have a useful life of 4 years. The machine would generate $5.500 of net annual cash inflows per year for each of the 4 years of its life. The internal rate of return on the machine would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) OA. 89. OB. 8%. OC. 4%. OD. 10%

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