Exercise 16-14A (Algo) Determining the unadjusted rate of return LO 16-4

Jordan Pointing Company is considering whether to purchase a new spray paint machine that costs $2,800 . The machines expected labor increasing net income by $120 per yearThe effective of the machine 15 years according to the estimate.

Exercise 16-14A (Algo) Determining the unadjusted rate of return LO 16-4 Jordan Painting Company is considering whether to purchase a new spray paint machine that costs $2,800 The machine is expected to save labor Increasing net Income by $420 per year. The effective life of the machine is 15 years according to the manufacturer's estimate. Required a. Determine the unadjusted rate of return based on the average cost of the investment (Enter your answer as a whole percentage (e.g. 0.55 should be entered as 55).) Unadjusted rate of rotum %