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Great Northern Mining Company is planning to purchase of a $600,000 excavator. The excavator is expected to produce cash flows of $298,500, $259,000, and $90,000
Great Northern Mining Company is planning to purchase of a $600,000 excavator. The excavator is expected to produce cash flows of $298,500, $259,000, and $90,000 over the next three years. The rate of return on the excavator is:
Answer 4.68%
| 4.68% | ||
| 4.32% | ||
| 4.00% | ||
| 5% | ||
| 5.13% |
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