Rams, Inc Has Invested in a Machine with a Cost of of $37,164

question 38

Multiple Choice

Rams, Inc. has invested in a machine with a cost of $37,164 and annual cost savings of $6,000. The discount rate is 8%, and the machine's internal rate of return is 12%. Ignore income taxes. The estimated life of the machine is:

• A) 6.2 years
• B) 8 years
• C) 12 years
• D) Cannot be determined

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Definitions:

Male Chauvinism

The belief in the superiority of men over women, often manifesting in prejudice, discrimination, or denigration of women.

Belief

An acceptance that something exists or is true, especially without proof.

Asians

People originating from or associated with the continent of Asia, which includes diverse cultures, languages, and ethnicities.

Prejudice

A preconceived opinion or judgment, often based on limited information or stereotypes.