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Home Q & A Board Other Fields Homework Help Business Accounting
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ejoty ejoty
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A year ago
James Bruce is the CEO of Bruce Industries. James is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient.  The controller of the company has identified equipment that costs $104,110 and will provide annual cash operating inflows of $28,290 for 5 years. The equipment currently being used is 3 years old and could be sold for $2,130.  What is the equipment's internal rate of return?

Type of Cash FlowPeriodsInterest RateFactor
PV ordinary annuity56%4.2124
PV ordinary annuity58%3.9927
PV ordinary annuity510%3.7907
PV ordinary annuity512%3.6048
PV ordinary annuity515%3.3522


▸ 15%

▸ 12%

▸ 8%

▸ 10%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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annalassannalass
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A year ago
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ejoty Author
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A year ago
You make an excellent tutor!
gefa
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Katey_maree
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2 hours ago
Thanks
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