General Hospital is planning to add a new diagnostic machine which should improve
Question # 00239905
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Updated on: 04/05/2016 04:21 AM Due on: 05/05/2016
General Hospital is planning to add a new diagnostic machine which should improve its quality of certain blood tests. The machine under consideration has a cost of $79,186 and is expected to save the hospital $7,930 each year. The machine has an expected useful life of 13 years. Calculate the internal rate of return on the diagnostic machine.
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Solution: General Hospital is planning to add a new diagnostic machine which should improve