DataStore purchased a new truck for $30,000 and will use the straight-line method of depreciation over 6
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Question:
DataStore purchased a new truck for $30,000 and will use the straight-line method of depreciation over 6 years with no salvage value. The company expects to generate $9,500 of operating cash flows per year. The company's minimum annual rate of return is 9%. How much is the annual rate of return on this investment?
a.63.3%
b.15.0%
c.19.0%
d.30.0%
the answer should be 30%, but i dont know the solution.
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