Business, 06.05.2021 17:20 4804174946
Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $101,320 per year. Other information about this proposed project follows: Initial investment $ 480,190 Useful life 9 years Salvage value $ 58,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.)
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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to incr...
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