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SHOW ALL WORK (Ignore income taxes in this problem) The management of XYZ Company is...

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Accounting

SHOW ALL WORK

(Ignore income taxes in this problem) The management of XYZ Company is considering the purchase of a machine that would cost $144,144 and would have a useful life of 5 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $39,000 per year. The internal rate of return on the investment in the new machine is closest to: A. 14%

B. 13%

C. 12%

D. 11%

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