9.

10.

The expected average mate of return for a proposed investment of $8,000,000 in a fixed asset, using strarght-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $12,000,000 over the 20 years is a. 4086 b. 15%6 c. 10% d. 20% What is the cash payback period? a. 5 yean b. 6 years c. 3 years d. 4 years