Question
The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $40,000 $50,000 Useful
The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals:
| 3D Printer | Truck | |||
| Amount of investment | $40,000 | $50,000 | ||
| Useful life | 7 years | 10 years | ||
| Estimated residual value | $3,000 | $6,000 | ||
| Estimated total income over the useful life | $24,080 | $36,400 | ||
Determine the expected average rate of return for each proposal. If required, round to the nearest whole percent.
| 3D Printer | % |
| Truck | % |
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Auditing Your Human Resources Department A Step By Step Guide
Authors: John H. McConnell
1st Edition
0814474675, 978-0814474679
