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Calculate internal rate of return on the diagnostic machine

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Reference no: EM131694181

General Hospital is planning to add a new diagnostic machine which should improve its quality of certain blood tests. The machine under consideration has a cost of $81,387 and is expected to save the hospital $7,320 each year. The machine has an expected useful life of 15 years.

Calculate the internal rate of return on the diagnostic machine. (Round answer to 0 decimal places, e.g. 16%.)

Reference no: EM131694181

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