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Business, 28.12.2019 06:31 Weirddobby3964

Acompany projects an increase in net income of $180,000 each year for the next five years if it invests $900,000 in new equipment. the equipment has a five-year life and an estimated salvage value of $300,000. what is the annual rate of return on this investment? a. 20%b. 60%c. 30%d. 40%

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