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A machine is under consideration that would cost $32,500, save $7,000 per year in cash operating costs, and have an expected life of 13 years
A machine is under consideration that would cost $32,500, save $7,000 per year in cash operating costs, and have an expected life of 13 years with zero salvage value. The simple rate of return is approximately: (Round your answer to 2 decimal places.)
21.54%.
13.85%.
7.69%.
19.54%.
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