the information provided below to calculate the Internal Rate of Return (expressed to two decimal places) using interpolation. INFORMATION A machine with a purchase price of R1 200 000 is estimated to eliminate manual operations by R400 000 per year. The machine is expected to have a useful life of

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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5.2 Use the information provided below to calculate the Internal Rate of Return (expressed to two
decimal places) using interpolation.


INFORMATION
A machine with a purchase price of R1 200 000 is estimated to eliminate manual operations by R400 000 per year.
The machine is expected to have a useful life of four years.

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