Question
a company wants to purchase a piece of equipment costing $50,000. Based on the company analysis, the new machine will result in a savings of
a company wants to purchase a piece of equipment costing $50,000. Based on the company analysis, the new machine will result in a savings of $9,000 per year for 5 years. Calculate the return on investment. Show your work.
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
