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SHOW ALL WORK. Ignore income taxes in all problems. The management of Burney Corporation is investigating purchasing equipment that would increase sales revenues by $74,000

SHOW ALL WORK. Ignore income taxes in all problems.

The management of Burney Corporation is investigating purchasing equipment that would increase sales revenues by $74,000 per year and cash operating expenses by $32,000 per year. The equipment would cost $115,000 and have a 5 year life with no salvage value. What is the simple rate of return on the investment?

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