17.7 Continuing exercise 17.6, Sensor International sells 300,000 packages in its first year and 400,000 in its
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17.7 Continuing exercise 17.6, Sensor International sells 300,000 packages in its first year and 400,000 in its second. If the investor’s original investment was $100,000, determine the return on investment in year 1 and year 2 for the firm. Assume a tax rate of 20 percent.
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Technology Ventures From Idea To Enterprise
ISBN: 9780073523422
3rh Edition
Authors: Thomas Byers, Richard C Dorf
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