The annual profit forecast for a project is: The project requires that a new machine be purchased
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The annual profit forecast for a project is:
The project requires that a new machine be purchased for £128,000. It will be depreciated using the straight line method over five years to a residual value of £8,000. The project will cease when the machine is sold for £8,000 at the end of the fifth year. Ignoring taxation, what is the accounting rate of return? (No additional working capital is required for this project.)
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ISBN: 9780273718802
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