Acme Company purchases new equipment that costs $75,000, has a useful life of 8 years, and...
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Acme Company purchases new equipment that costs $75,000, has a useful life of 8 years, and a salvage value of zero. The investment has a payback period of 6 years. What is the simple rate of return on the investment in new equipment? Round to one decimal place. Acme Company purchases new equipment that costs $75,000, has a useful life of 8 years, and a salvage value of zero. The investment has a payback period of 6 years. What is the simple rate of return on the investment in new equipment? Round to one decimal place.
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