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36 Friden Company has just purchased a new piece of equipment with the following characteristics: Purchase cost of equipment $27,000 Annual cost savings $6,000 Life

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Friden Company has just purchased a new piece of equipment with the following characteristics: Purchase cost of equipment $27,000 Annual cost savings $6,000 Life of the equipment 10 years The simple rate of return would be approximately: 22.2% 12.2% 11.1% 10%

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