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cjr4808 cjr4808
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A year ago

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):

Investment required in equipment$ 36,000
Annual cash inflows $ 8,400
Salvage value of equipment$ 0
Life of the investment15years
Required rate of return10%

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:



▸ 27.8%

▸ 16.7%

▸ 23.8%

▸ 11.9%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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onidonid
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A year ago
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cjr4808 Author
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A year ago
Brilliant ツ
Turboturner
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Yesterday
Helped a lot
klyn
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2 hours ago
You make an excellent tutor!
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