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Return on the investment in the crane

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Reference no: EM13135207

Valdivieso Roofing is considering the purchase of a crane that would cost $137,885, would have a useful life of 9 years, and would have no salvage value. The use of the crane would result in labor savings of $23,000 per year. The internal rate of return on the investment in the crane is closest to:

A. 6%

B. 8%

C. 11%

D. 9%

Reference no: EM13135207

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