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the following data are accumulated by bio metrics inc. in evaluating two competing capital investment proposals: testing equip vehicle amount of investment 104,000 32,000 useful
the following data are accumulated by bio metrics inc. in evaluating two competing capital investment proposals:
testing equip vehicle
amount of investment 104,000 32,000
useful life 6yrs 8yrs
estimated residual value 0 0
estimated total income over the useful life 18,720 15,360
determine the expected average rate of return for each proposal
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