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An asset costs 102000 and has an expected life of 20 years

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An asset costs $102000 and has an expected life of 20 years at which time it will have ascrap value of $16000. The asset will increase revenue by $22000 after maintenance costs. Assume a tax rate of 42% and use the straight line method of depreciation to compute the internal rate of return for the investment.

Reference no: EM13601112

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