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Ellis Company has the opportunity to invest in the following project: Cost $50,000 Annual Net Cash Inflows $14,900 Useful Life 5 Years $10,000 Salvage Value

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Ellis Company has the opportunity to invest in the following project: Cost $50,000 Annual Net Cash Inflows $14,900 Useful Life 5 Years $10,000 Salvage Value Depreciation Method Straight Line Time value of money table: 0.68058 Present Value of 1 (i=8%, n=5) Present Value of an ordinary annuity (i=8%, n=5) 3.99271 Future Value of 1 (i=8%, n=5) 1.46933 Future Value of an ordinary annuity (i=8%, n=5) 5.8666 What is the Accounting/Annual/Simple rate of return of this project

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