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Roxi Corporation is contemplating purchasing equipment that would increase sales revenues by $325,000 per year and cash operating expenses by $160,000 per year. The equipment

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Roxi Corporation is contemplating purchasing equipment that would increase sales revenues by $325,000 per year and cash operating expenses by $160,000 per year. The equipment would cost $680,000 and have a 10-year ife with no salvage value. The simple rate of return on the investment is closest to: a. 10% b. 14.3% c. 24.3% d. 21%

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