Brown Corporation Recently Purchased a New Machine for $339,013

question 41

Multiple Choice

Brown Corporation recently purchased a new machine for $339,013.20. The new equipment has a useful life of 10 years. Net cash flows will be $60,000 per year, end of year payments. What is the internal rate of return?

• A) 10 percent
• B) 12 percent
• C) 14 percent
• D) 16 percent

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Definitions:

RandomAccessFile

A class in Java that provides a way to read and write data to a file in a random access manner, allowing for the modification of specific parts of a file.

Byte

A unit of digital information in computing and telecommunications that most commonly consists of eight bits.

Int

A data type used in programming to represent integer values.

Input Stream

A stream that reads data into a program, often from a file, network connection, or keyboard input.