What is the internal rate of return for blue corporation

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problem 1: Blue Corporation recently purchased a new machine for $339,013.20 with a ten-year life. The old equipment has a remaining life of ten years and no disposal value at the time of replacement. Net cash flows will be $60,000 per year. What is the internal rate of return?

A. 12%
B. 16%
C. 20%
D. 24%

Reference no: EM132793187

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