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What is the internal rate of return-brown corporation

Question:

Brown Corporation recently purchase a new machine for $253,616 with a ten-year life. The old equipment has a remaining life of 10 years and no disposal value at the time of replacement. Net cash flows will be $60,500 per year. What is the internal rate of return (IRR)?

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Finance Basics: What is the internal rate of return-brown corporation

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