Question
A small construction company has $170,000 set aside in a capital improvement fund to purchase new equipment. If $16,000 is invested at 28%, $30,000 at
A small construction company has $170,000 set aside in a capital improvement fund to purchase new equipment. If $16,000 is invested at 28%, $30,000 at 15%, and the remaining $124,000 at 23% per year, what is the overall rate of return on the entire $170,000?
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Engineering Economy
Authors: Leland T. Blank, Anthony Tarquin
8th edition
73523439, 73523437, 978-0073523439
