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Sheffield Compary is considering investing in a new facility to extract and produce salt. The fecility will incresse rovenues by $237,600, but it will also

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Sheffield Compary is considering investing in a new facility to extract and produce salt. The fecility will incresse rovenues by $237,600, but it will also increase annual expenses by $177.744. The faclity will cost $996,000 to build and it will have a $6,000 salvage value at the end of its useful life. Calculate the annual rate of retum on this facility. (Round onswer to 2 decimal ploces, es. 52.75) Annusirate of return eTextbook and Media Attempts: 0 or 1 used

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