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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

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?

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Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123968

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