Brenda and Eddie are considering expanding their restaurant business through purchase of the Parkway Diner, which will cost 350,000 to take-over the business and a further 150,000 to refurbish the premises with new equipment. Cash flow projections from the project show the following profits over the next six years. Year 123456 2 5 Net Cash Profits () 70,000 70,000 80,000 100,000 100,000 120,000 The equipment will be depreciated to a zero resale value over the same period and, after the sixth year, Brenda and Eddie confidently expect that they could sell the business for 350,000. Required Calculate the ROCE of this investment (using the average investment method)