Keltner Enterprises is considering investing in a new packing machine.The new machine will provide annual cash operating inflows of $12,300 for 5 years.The cost of the machine is $50,430.The machine currently being used is 3 years old and could be sold for $1,320.What is the machine's internal rate of return? 
A) 6%
B) 8%
C) 10%
D) 12%
Correct Answer:
Verified
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