Question 3 25 points A company purchase a piece of manufacturing equipment for an additional income....

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Question 3 25 points A company purchase a piece of manufacturing equipment for an additional income. The expected income is $4,500 per semester. Its useful life is 9 years. Expenses are estimated to be $500 semiannually. If the purchase price is $56,600 and there is a salvage value of $4,500, what is the prospective rate of return (IRR) of this investment? The MARR is 10% compounded semiannually. Save Ar Oa. IRR 12% semiannual O b. IRR 6.23% semiannual Oc. IRR 3% semiannual Od. IRR 6.02% semiannual Question 3 25 points A company purchase a piece of manufacturing equipment for an additional income. The expected income is $4,500 per semester. Its useful life is 9 years. Expenses are estimated to be $500 semiannually. If the purchase price is $56,600 and there is a salvage value of $4,500, what is the prospective rate of return (IRR) of this investment? The MARR is 10% compounded semiannually. Save Ar Oa. IRR 12% semiannual O b. IRR 6.23% semiannual Oc. IRR 3% semiannual Od. IRR 6.02% semiannual