Locil Corporation Recently Purchased a New Machine for $415,275 with a Nine-Year

question 69

Multiple Choice

Locil Corporation recently purchased a new machine for $415,275 with a nine-year life.The old equipment has a remaining life of nine years and no disposal value at the time of replacement.Net cash flows will be $75,000 per year.What is the internal rate of return?

• A) 11%
• B) 16%
• C) 20%
• D) 24%

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Paper currency issued by the United States during the Civil War, not backed by gold or silver but by the government's credibility.

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Legislation that established the principle of federal employment on the basis of open, competitive exams and created a professional civil service.

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