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Business, 14.06.2021 16:10 kittylover613

A company projects an increase in net income of $108000 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment? a. 20.5%
b. 31.0%
c. 30.0%
d. 30.8%

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