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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of ( $ 118,800 ). It will have a useful

image text in transcribed Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of \\( \\$ 118,800 \\). It will have a useful life of 4 years and no salvage value. Annual revenues would increase by \\( \\$ 79,304 \\), and annual expenses (excluding depreciation) would increase by \\( \\$ 40,100 \\). Wayne uses the straight-line method to compute depreciation expense. The company's required rate of return is \13. Compute the annual rate of return. Annual rate of return \ Determine whether the project is acceptable? the project

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