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Bailey, inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. the punch has a first cost of $135,000 and a useful life of 15 years. at the end of its useful life, the punch has no salvage value. labor costs would increase $4,500 per year using the gang punch, but raw material costs would decrease $15,500 per year. marr is 5%/year.
what is the internal rate of return of this investment?
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Bailey, inc., is considering buying a new gang punch that would allow them to produce circuit boards...
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