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Determine the return on invested capital (RIC) for the project with the given net cash flows shown. Use a minimum attractive rate of return (MARR)

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Determine the return on invested capital (RIC) for the project with the given net cash flows shown. Use a minimum attractive rate of return (MARR) value of 17%. Calculation can be done with either Excel or algebraically; however, show this work! Enter as a percentage without the % sign (e.g. an answer of 7.50% would be entered as 7.50). n Net Cash Flow 0 -7000 1 8500 2 -1000 (Chapter 7- Rate of Return Analysis)

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