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Flint Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $242,000, but it will also
Flint Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $242,000, but it will also increase annual expenses by $181,992. The facility will cost $1,000,000 to build, and it will have a $40,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) Annual rate of return do %
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