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Business, 26.05.2021 01:00 amyre

A company projects an increase in net income of $135,000 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

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A company projects an increase in net income of $135,000 each year for the next five years if it inv...
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