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3. Calexico Hospital plans to purchase a new MRI machine for 1.8M.

/in /by

3. Calexico Hospital plans to purchase a new MRI machine for 1.8M. The expected cash flow for each of the five

year period is $320,000, $460,000, $485,000, $515,000, and $550,000 for the five years. What is the internal rate of return or IRR for the project?

 
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