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Laramie Service Center just purchased an automobile host for $16,500. The host has a 5-year Me and an estimated salvage value of $1,500 Laramie uses
Laramie Service Center just purchased an automobile host for $16,500. The host has a 5-year Me and an estimated salvage value of $1,500 Laramie uses straight line depreciation The new hoist will be used to replace mufflers and tires on automobiles. Laramie estimates that the new hond will enable his mechanics to produce 1,000 mufflers per year Each muffler sells for $5 The cost of a muftler is $3 including deprecation What is the annual rate of return for the new hoist Select one O a 15.6% O b. 11.6% C. 13.6% O O d. 28.99% 08:15 ENG
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