question archive Blue Corporation recently purchased a new machine for $339,013

Blue Corporation recently purchased a new machine for $339,013

Subject:AccountingPrice:2.86 Bought4

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%

 

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