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If management requires a minimum 80 percent rate of return


Quality Tools, Inc. needs to purchase a new machine costing $2,080,000. Management is estimating the machine will generate cash inflows of $376,000 for seven years. If management requires a minimum 8.0 percent rate of return, should the firm purchase this particular machine? (Find the Internal Rate of Return) Why or why not?

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Financial Management: If management requires a minimum 80 percent rate of return
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