Business, 15.04.2021 17:00 hannahkharel2
Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 35,000 Annual cash inflows $ 8,000 Salvage value of equipment $ 0 Life of the investment 15 years Required rate of return 10 % The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.) Noreen_5e_Rechecks_2019_10_16 Multiple Choice 23.0% 16.2% 11.6% 26.6%
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Joetz Corporation has gathered the following data on a proposed investment project (Ignore income ta...
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