Question
A grocery store manager must decide whether to buy a rug cleaner to rent to customers. The cleaner costs $800. It is expected to yield
A grocery store manager must decide whether to buy a rug cleaner to rent to customers. The cleaner costs $800. It is expected to yield $200 in income per year. What is the expected annual rate of return from the cleaner?
a.75 percent
b.400 percent
c.$200
d.$600
e.25 percent
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
