Question
A company projects an increase in net income of $180,000 each year for the next five years if it invests $900,000 in new equipment. The
A company projects an increase in net income of $180,000 each year for the next five years if it invests $900,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $300,000. What is the annual rate of return on this investment?
|
| 20% |
|
| 60% |
|
| 30% |
|
| 40% |
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
6th International Edition
0071284664, 978-0071284660
