Darsha Ltd. is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture

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Darsha Ltd. is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost Rs17,600,000, has an estimated useful life of 7 years, a residual value of zero, and will increase net annual cash flows by Rs3,500,000. What is its approximate internal rate of return?

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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