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Determine the average rate of return for a project that is estimated to yield total income of $692,550 over five years, has a cost of
Determine the average rate of return for a project that is estimated to yield total income of $692,550 over five years, has a cost of $913,100, and has a $112,900 residual value. Round to the nearest whole number. 43 X % Feedback Check My Work Divide the estimated average annual income by the average investment. Investment cost plus residual value, divided by two, equals average investment. MBODIA A project has estimated annual net cash flows of $31,500. It is estimated to cost $132,300. Determine the cash payback period. If required, round your answer to one decimal place. years MacBook Air
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