Steve's, a maker of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $130,000 and will generate cash inflows of $37,00 7 years. If the discount rate is 17%, what is the project's IRR? (Round to two decimal places.) OA.17.00% OB. 20.94% OC. 32.52% OD. 37.33%

Steve's, a maker of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $130,000 and will generate cash inflows of $37,00 7 years. If the discount rate is 17%, what is the project's IRR? (Round to two decimal places.) OA.17.00% OB. 20.94% OC. 32.52% OD. 37.33%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter12: Capital Investment Decisions

Section: Chapter Questions

Problem 21BEA

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