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Beamer Steamers, is purchasing a new steam cleaning unit for $100,000. It is expected to save them $25,000 per year in operating costs for the
Beamer Steamers, is purchasing a new steam cleaning unit for $100,000. It is expected to save them $25,000 per year in operating costs for the next 10 years. Maintenance will cost $5,000 per year. Using straight-line depreciation, no salvage value and a total income tax rate (ITR) of 34%, State here the percent after-tax rate of return (ROR) for the purchase of this system to 2 decimal places.
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