The following data are accumulated by bio metrics inc. in evaluating two competing capital investment proposals:
testing equipment vehicle amount of investment $86,000 $30,000 useful life 6 years 8 years estimated residual value 0 0 estimated total income over the useful life $18,060 $12,000
determine the expected average rate of return for each proposal. if required, round to the nearest whole percent. testing equipment % vehicle %
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The following data are accumulated by bio metrics inc. in evaluating two competing capital investmen...
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