The firm is considering the purchase of a new machine the, Financial Management

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The firm is considering the purchase of a new machine the

The firm is considering the purchase of a new machine. The machine costs $31,500 and will produce an after-tax cash flow of $5481 per year at the end of each of the next 9 years, and an additional after tax cashflow at year 9 of $1000. What is the project IRR?

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Financial Management: The firm is considering the purchase of a new machine the

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