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An expansion at ABC Company would increase sales revenues by $150,000 per year and cash operating expenses by $47,000 per year. The initial investment would

An expansion at ABC Company would increase sales revenues by $150,000 per year and cash operating expenses by $47,000 per year. The initial investment would be for equipment that would cost $328,000 and have an 8-year life with no salvage value. The simple rate of return on the investment is closest to: O 31.4% 18.9% 12.5% O 41.3%

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