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Alpha Corporation had the following data for the month of November: Profit of $3061852; Invested capital of $44476331; Cost of purchase of a new equipment

Alpha Corporation had the following data for the month of November: 

Profit of $3061852; 

Invested capital of $44476331; 

Cost of purchase of a new equipment in the current year is $767244, 

An increase in divisional profits of $55498 due to the purchase of the new equipment. 

Compute the return on investment (ROI) of the new equipment in the current year.


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