5. 6.23 A total of $50,000 was invested in projects to reduce insider theft in an appliance...
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5. 6.23 A total of $50,000 was invested in projects to reduce insider theft in an appliance warehouse. The two projects, identified as Y and Z, were implemented for 1 year each. Based on the significantly reduced losses, the overall rate of return on the $50,000 was determined to be 40%, with the ROR on the $20,000 invested in Y at 15%.
(a) What was the size of the investment in Z, and
(b) what was the rate of return on Z?
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Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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