Current Attempt in Progress×Your answer is incorrect.Sunland Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. Themachine will cost $179,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flowsby $37,990. Click here to view the factor table.What is its approximate internal rate of return? (Round answer to O decimal place, e.g. 13%.)Internal rate of returneTextbook and MediaSave for Later7%Attempts: 1 of 3 usedSubmit Answer

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter12: Capital Investment Analysis

Section: Chapter Questions

Problem 20E

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