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Question 3 3.33 pts Wave Engineering has total sales revenue of $3,600,000, operating income of $432,000, and a minimum required rate of return of 17%.
Question 3 3.33 pts Wave Engineering has total sales revenue of $3,600,000, operating income of $432,000, and a minimum required rate of return of 17%. Wave has both a Breakwater Division and a Seawall Division. During the current year, the Breakwater Division's return on investment is 20% and its turnover ratio is 2.5. What is the Breakwater Division's margin? Round to the nearest whole number and do not enter a percent sign or a decimal point (e.g., enter 89. not 89.0% or 0.89). Question 20 3.33 pts Mining Corporation is considering an investment in a project that will have a two- year life. The project will provide an 8% internal rate of return and is expected to have a $40,000 cash inflow in the first year and a $50,000 cash inlow in the second year. What is the required initial investment for this project? $79,890 $80,560 $81.240 $82,800
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