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Current Attempt in Progress Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $220.000.

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Current Attempt in Progress Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $220.000. but it will also increase annual expenses by $160.000. The facility will cost $980.000 to build, and it will have a $20.000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. Annual rate of return %

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