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Average Rate of Return Lakeland Company is considering the purchase of equipment for $170.000. The equipment will expand the Company's production and increase revenue by
Average Rate of Return Lakeland Company is considering the purchase of equipment for $170.000. The equipment will expand the Company's production and increase revenue by $56.000 per year. Annual cash operating expenses will increase by $10,000. The pumenty shed life is 10 years with no salvage value Lakeland uses straight line deprecation. The income tax rate is 35% What is the average rate of return on the investment Dino negative signs with your answers Round answer to the nearest whole percentage applica Average rate of return on investm
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