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Question 1 2 0 . 3 5 pts Acme Company purchases new equipment that costs $ 7 8 , 0 0 0 , has a
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Acme Company purchases new equipment that costs $ has a useful life of years, and a salvage value of zero. The investment has a payback period of years. What is the simple rate of return on the investment in new equipment? Round to one decimal place.
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