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Question 14 of 15 - /0.55 View Policies Current Attempt in Progress Oriole's Hair Salon is considering opening a new location in French Lick, California.
Question 14 of 15 - /0.55 View Policies Current Attempt in Progress Oriole's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $ 286,000. A new salon will normally generate annual revenues of $ 70,360, with annual expenses (including depreciation) of $ 41,400. At the end of 15 years, the salon will have a salvage value of $ 76,000. Calculate the annual rate of return on the project. Annual rate of return % e Textbook and Media
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