Question: Question 5 of 16 Question 5 of 16 View Policies Your answer has been saved. See score details after the due date. Dinshaw Company is

Question 5 of 16 View Policies Your answer has been saved. See

Question 5 of 16

Question 5 of 16 View Policies Your answer has been saved. See score details after the due date. Dinshaw Company is considering the purchase of a new machine. The invoice price ofthe machine is $69,027, freight charges are estimated to be $2,520, and installation costs are expected to be $7,910. The annual cost savings are expected to be $14,350 for 9 years. The firm requires a 20% rate of return. Ignore income taxes. What is the internal rate of return on this investment? (Round answer to O decimal places, e.g. 15%.) Click here to view PV table. Internal rate of return 11 Attempts: I of 1 used

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