small industrial machine costs $86,000 and is expected to earn annual net cash inflows of $37,800, $34,400, $31,000 and $27,500, before it wears out sufficiently to be unreliable and must be sold for an estimated $8,600.funds earn 13 per cent, what is What is the IRR for the machine?

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To calculate the Internal Rate of Return IRR for the machine we nee... View the full answer