D&B Contracting plans to purchase a new backhoe.The one under consideration costs $233,000,and has a useful life of 8 years.After-tax cash flows are expected to be $31,384 in each of the 8 years and nothing thereafter.Calculate the internal rate of return for the grader.

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The Answer of D&B Contracting plans to purchase a new backhoe.The one under consideration costs $233,000,and has a useful life of 8 years.After-tax cash flows are expected to be $31,384 in each of the 8 years and nothing thereafter.Calculate the internal rate of return for the grader.

D&B Contracting Plans to Purchase a New Backhoe