Question: View Policies Current Attempt in Progress Crane Company is evaluating the purchase of a rebuilt spot - welding machine to be used in the manufacture

View Policies Current Attempt in Progress Crane Company is evaluating the

View Policies
Current Attempt in Progress
Crane Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $184,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $39,050. Click here to view PV table.
What is its approximate internal rate of return? (Round answer to 0 decimal places, eg.13%.)
Internal rate of return %
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purchase of a rebuilt spot-welding machine to be used in the manufacture

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