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29 October, 12:15

Wombles corporation is contemplating purchasing equipment that would increase sales revenues by $478,000 per year and cash operating expenses by $249,000 per year. the equipment would cost $738,000 and have a 9 year life with no salvage value. the annual depreciation would be $82,000. the simple rate of return on the investment is closest to:

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  1. 29 October, 13:35
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    The simple rate of return on the investment is closest

    19.9%
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