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

marcsleiman

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

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

Investment required in equipment	$ 30,000
Annual cash inflows	$ 6,000
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:

▸ 20.0%

▸ 13.3%

▸ 18.0%

▸ 10.0%

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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kady_kelsey2

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More solutions for this book are available here

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marcsleiman Author

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9 months ago

Thanks

gmiannotti

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Good timing, thanks!

jamesbove

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Thank you, thank you, thank you!

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