Question: Could you help me answer this and find the rate of return thanks Frost Company is evaluating the purchase of a rebuilt spot-welding machine to
Could you help me answer this and find the rate of return thanks
Frost Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $173,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $33,229. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal places, e.g. 16%.) Internal rate of return %
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