Simon and Gus want to buy a $600,000 machine that will improve the efficiency and effectiveness of their operations. The machine has a ten year life and no salvage value, the after tax cash flow of the project is expected to be $130,000 per year, and the required return is 16%. The internal rate of return of the proposed project will be?

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To calculate the internal rate of return IRR of the proposed project we need to determine t... View the full answer