(Present Value Tables Are Required

question 192

Multiple Choice

(Present value tables are required. ) Hincapie Manufacturing evaluating investing in a new metal stamping machine costing $30,924.Hincapie estimates that it will realize $12,000 in annual cash inflows for each year of the machine's 3-year useful life.The internal rate of return (IRR) for the machine is approximately

• A)8%.
• B)10%.
• C)5%.
• D)6%.

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