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Category > Business & Finance Posted 20 Jun 2017 My Price 11.00

Average Rate of Return

Average Rate of Return

The following data are accumulated by Eco Labs, Inc. in evaluating two competing capital investment proposals:

  Testing Equipment Vehicle
Amount of investment $52,000     $88,000  
Useful life 4 years     9 years  
Estimated residual value 0     0  
Estimated total income over the useful life $5,720     $33,660  

Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place.

Testing Equipment %
Vehicle %

 

  •      
    Particulars Testing Equipment Vehicle

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Status NEW Posted 20 Jun 2017 06:06 AM My Price 11.00

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