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Shields Company has gathered the following data on a proposed investment project:Investment required in equipmentAnnual cash inflowsSalvage valueLife of the investmentDiscount rate$ 4 2 0

Shields Company has gathered the following data on a proposed investment project:Investment required in equipmentAnnual cash inflowsSalvage valueLife of the investmentDiscount rate$420,000$75,000$08 years10%The simple rate of return on the investment is closest to:5%.10%.15%.20%.

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