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A company wants to buy a machine that costs $15,000 with a useful life of 9 years. The system generates cash flows after taxes of $2,205.23 each year....

A company wants to buy a machine that costs $15,000 with a useful life of 9 years. The system generates cash flows after taxes of $2,205.23 each year.

Calculate the internal rate of return of the fixed asset.

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