Capital Budgeting Drill #5 A certain company is considering purchasing a repair machine. The cost of the machine is $650,796. For its investment, the company expects to receive $125,000, in cash, each year for the next 7 years. What is the approximate internal rate of return for this machine?
Capital Budgeting Drill #5 A certain company is considering purchasing a repair machine. The cost of the machine is $650,796. For its investment, the company expects to receive $125,000, in cash, each year for the next 7 years. What is the approximate internal rate of return for this machine?
Chapter9: Capital Budgeting Techniques
Section: Chapter Questions
Problem 12PROB
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