30. Determine the average rate of return for a project that is estimated to yield total income of $699,840 over six years, has a cost of $777,600, and has a $86,400 residual value. Round to the nearest whole number. %<\/p>
31. A project has estimated annual net cash flows of $23,000. It is estimated to cost $135,700.<\/p>
Determine the cash payback period. If required, round your answer to one decimal place. ______ years<\/p>
<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing Cases An Active Learning Approach", "isbn": "0130674842, 978-0130674845", "edition": "2nd Edition", "authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg", "uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899", "see_more_uri": "" }, "free_related_book": { "isbn": "0132347962", "uri": "\/textbooks\/smart-enough-systems-how-to-deliver-competitive-advantage-by-automating-hidden-decisions-1st-edition-978-0132347969-298922", "name": "Smart Enough Systems How To Deliver Competitive Advantage By Automating Hidden Decisions", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:33:20", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/suppose-on-january-1-the-cost-of-borrowing-french", "description": "Suppose that on January 1, the cost of borrowing French francs for the year is 18%. 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