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please help. thank you Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income
please help. thank you
Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $104,762 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $476,190 9 years $ 54,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett (Round your answer to 2 decimal places.) 1 Accounting Rate of Retum 2. Payback Period % years Step by Step Solution
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