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Shields Company has gathered the following data on a proposed investment projec Investment required in equipment Annual cash inflows Salvage value Life of the investment

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Shields Company has gathered the following data on a proposed investment projec Investment required in equipment Annual cash inflows Salvage value Life of the investment Discount rate $400,000 $80,000 $0 10 years 10% 1 The simple rate of return on the investment is closest to: Multiple Choice 20% 15%

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