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Chocolate Goodies is looking for a new cookie cutter machine. The following are the alternatives machines...

Chocolate Goodies is looking for a new cookie cutter machine. The following are the alternatives machines they have been offered:

Machines A B C
Cost $18,000 $25,000 $15,000
Annual Net Savings $1,055 $2,125 $1,020
IRR 7% 9% 8%

Each machine has 25 years of useful life and no salvage value. The business has been using 8% as their MARR. Which machine should be chosen?

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