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Dougs Conveyor Systems, Inc., is considering two investment proposals (1 and 2). Data for the two proposals are presented here: 1 2 Cost of investment
Dougs Conveyor Systems, Inc., is considering two investment proposals (1 and 2). Data for the two proposals are presented here:
1 | 2 | |||
Cost of investment | $ | 75,000 | $ | 80,000 |
Estimated salvage value | 15,000 | 20,000 | ||
Average estimated net income | 14,400 | 12,500 | ||
Calculate the return on average investment for both proposals. |
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