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Question 30 TanVo Ltd had the following data for the month of April: profit of $3,000,000; invested capital of $45,000,000; cost of purchase of a

Question 30

TanVo Ltd had the following data for the month of April: profit of $3,000,000; invested capital of $45,000,000; cost of purchase of a new machine is $750,000, and an increase in divisional profits of $55,000 due to the purchase of the new machine. The return on investment of the new machine is _____________.

a.

7.00%
b.

None of the answers.
c.

7.33%
d.

6.68%
e.

1.20%

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