Business, 14.12.2019 02:31 pencil8184

Rainbow painting company is considering whether to purchase a new spray paint machine that costs $8,000. the machine is expected reduce labor costs by $1,600 per year and no salvage value. the machine is expected to have a useful life of 10 years. the unadjusted rate of return for this investment is

a. 16%
b. 20%
c. 40%
d. some other amount.

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