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A company is considering investing in an exercise machine

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A company is considering investing in an exercise machine that costs $5000 and would increase revenues by $1,500 a year for five years. The machine would depreciate over its five year useful life via the straight line method and would have no salvage value.

Use Excel to calculate the equipments internal rate of return. Assume that the tax rate is 30%. Round your answer to two decimals.

Reference no: EM13485440

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