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What is the internal rate of return for the j-mix

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Problem 1: Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.53 million and create incremental cash flows of $559,488.00 each year for the next five years. The cost of capital is 9.15%. What is the internal rate of return for the J-Mix 2000?

Reference no: EM132809926

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