Determine the internal rate of return

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Determine the internal rate of return for an equipment that costs $150,000 and would provide positive cash flows of $60,000, $50,000, $40,000, and $30,000 at the end of each year for the next four years, and choose the option below that is closest to the actual internal rate of return.

Year

Cash Flow

0

-$150,000

1

$60,000

2

$50,000

3

$40,000

4

$30,000

Reference no: EM131156385

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