Question
A firm is considering multiple projects. The firm's required rate of return is 14% Project A: Investment: $2,055,312 Income: $476,789 Project B: Investment: $1,074,397 Income:
A firm is considering multiple projects. The firm's required rate of return is 14%
Project A:
- Investment: $2,055,312
- Income: $476,789
Project B:
- Investment: $1,074,397
- Income: $106,517
The firm picks the project with the higher ROI. What is the ROI of that project (enter answer in decimal form, rounded to second decimal place; do NOT enter answer in percentage form) ?
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Accounting For Non Accounting Students
Authors: John Dyson, Ellie Franklin
10th Edition
1292286938, 9781292286938
