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This question context is from the textbook Engineering Economic Analysis A new punching machine will cost $150,000. It has a life of 10 years with

This question context is from the textbook Engineering Economic Analysis

A new punching machine will cost $150,000. It has a life of 10 years with no salvage value. During its life, it is anticipated to save company $25,000 per year. Select from below the Rate of Return (ROR) on this machine? SHOW YOU WORK/REASONING

A - 11.52%

B - 10.56%

C - 12.05%

D - 10.00%

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