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Coca-Cola Company is evaluating the purchase of new bottling equipment to improve efficiency and reduce costs. The equipment costs $5 million and has an estimated

Coca-Cola Company is evaluating the purchase of new bottling equipment to improve efficiency and reduce costs. The equipment costs $5 million and has an estimated useful life of 10 years. Coca-Cola anticipates annual cost savings of $1 million due to the new equipment. Calculate the return on investment (ROI) for Coca-Cola's equipment purchase.

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