Question: A new machine can be purchased today for $ 3 0 0 , 0 0 0 . The annual revenue from the machine is calculated

A new machine can be purchased today for $300,000. The annual revenue from the machine is calculated to be $67.000, and the equipment will last 10 years. Expect the maintenance and operating costs to be $3000 a year and to increase $600 per year. The salvage value of the machine will be $20,000. What is the rate of return for this machine? Solve using trial and error method show all the steps and working and include cashflow diagram

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