The management of ro corporation is investigating automating a process. old equipment, with a current salvage value of $21,000, would be replaced by a new machine. the new machine would be purchased for $378,000 and would have a 6 year useful life and no salvage value. by automating the process, the company would save $131,000 per year in cash operating costs. the simple rate of return on the investment is closest to
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The management of ro corporation is investigating automating a process. old equipment, with a curren...
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