Question
A company projects an increase in net income of $48000 each year for the next five years if it invests $300000 in new equipment. The
A company projects an increase in net income of $48000 each year for the next five years if it invests $300000 in new equipment. The equipment has a five-year life and an estimated salvage value of $100000. What is the annual rate of return on this investment?
16%
40%
24%
32%
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
