Question: Tulip Corp. recently purchased a new machine for $ 8 7 , 7 7 6 with a four - year useful life. The old machine

Tulip Corp. recently purchased a new machine for $87,776 with a four-year useful life. The old machine has no remaining useful life and no disposal value at the time of replacement. Net cash savings from the new machine will be $32,000 per year. What is the internal rate of return for the new machine? Multiple Choice 19.50%18.11%17.00%36.46%

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