What is the internal rate of return, Financial Accounting

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What is the internal rate of return

Internal Rate of Return

Response to the following problem:

The manager of Soft & Creamy Ice Cream is thinking of buying a new soft ice cream machine. The machine will cost $13,500 and will last 10 years. Soft ice cream sales are expected to generate $3,000 in income per year.

Required:

What is the internal rate of return on this project?

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Financial Accounting: What is the internal rate of return

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Financial Accounting: What is the internal rate of return

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