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veys limos, Inc., is considering the purchase of a limousine that would cost $155,776, would...

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Accounting

veys limos, Inc., is considering the purchase of a limousine that would cost $155,776, would have a useful life of 7 years, and would have no salvage value. The limousine would bring in cash flows of $32,000 per year excess of its cash operating costs. Determine the internal rate of return on the investment in the new limousine.

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