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GROUP WITH LIEBE 5 2 Pet Exercise 10-15A (Algo) Computing the payback period and unadjusted rate of return for the same investment opportunity LO
GROUP WITH LIEBE 5 2 Pet Exercise 10-15A (Algo) Computing the payback period and unadjusted rate of return for the same investment opportunity LO 10-4 Jordan Rentals can purchase a van that costs $87.000; It has an expected useful life of three years and no salvage value. Jordan uses straight-line depreciation. Expected revenue is $43.877 per year. Assume that depreciation is the only expense associated with this Investment Required a. Determine the payback period. (Round your answer to 1 decimal place.) b. Determine the unadjusted rate of return based on the average cost of the investment. (Round your answer to 1 decimal place. (ie., 234 should be entered as 23.4).) Payback period years Unaquiled rate of suturn Check my wor
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