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please do all parts for thumbs up! MUST use rate of return analysis! Ashley Foods, Inc. has determined that any one of five machines can

please do all parts for thumbs up!
MUST use rate of return analysis! image text in transcribed
Ashley Foods, Inc. has determined that any one of five machines can be used in one phase of its chili-canning operation. The costs of the machines are estimated, and all machines are expected to have a 4-year useful life. If the minimum rate of return is 6% per year, which machine should be selected on the basis of a rate of return analysis? The do nothing alternative is not an option. Note: you must use a rate of return analysis to get any credit on this problem. Machine First Cost, $ Annual operating cost, $/year 1 -31,000 - 16,000 -29,000 -19,300 N 3 -34,500 -17,000 4 -49,000 - 12,200 5 -41,000 - 15,500

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