Question: how to do this step by step Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more

how to do this step by step
how to do this step by step Caspian Sea Drinks is considering

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.67 million and create incremental cash flows of $444,451.00 each year for the next five years. The cost of capital ts 9.40%. What is the internal rate of return for the J-Mix 2000? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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