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Novak Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $232,100, but it will also
Novak Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $232,100, but it will also increase annual expenses by $172,313. The facility will cost $991,000 to build, and it will have a $31,000 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 %
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