Multiple Choice
Locil Corporation recently purchased a new machine for $307,890 with a eight-year life. The old equipment has a remaining life of eight years and no disposal value at the time of replacement. Net cash flows will be $90,000 per year. What is the internal rate of return?
A) 24%
B) 29%
C) 33%
D) 37%
Correct Answer:
Verified
Correct Answer:
Verified
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