Approximate internal rate of return
Problem:
You buy a new piece of equipment for $50,000 and you receive a cash inflow of $10,000 per year for 10 years.
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Question: What is the approximate internal rate of return (IRR)?
Note: Provide support for your rationale.
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Question: What is the approximate internal rate of return (IRR)? Note: Provide support for your rationale.
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