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Locil Corporation recently purchased a new machine for $306,425 with a seven−year life. The old equipment...

Locil Corporation recently purchased a new machine for $306,425

with a seven−year life. The old equipment has a remaining life of seven years and no disposal value at the time of replacement. Net cash flows will be $85,000

per year. What is the internal rate of​ return?

A. 29​%

B. 33​%

C. 25​%

D. 20​%

Business   Accounting   
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