Calculate the internal rate of return

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Question - Kamila Company is considering whether to invest in a piece of equipment that requires an investment of $40,000 today. The project will provide net cash inflows of $10,000 at the end of each year for five years, and it will have a salvage value of $12,000 at the end of five years. Calculate the internal rate of return. Ignore income taxes.

Reference no: EM132081741

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