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20 February, 23:11

The management of duker corporation is investigating purchasing equipment that would increase sales revenues by $130,000 per year and cash operating expenses by $39,000 per year. the equipment would cost $328,000 and have an 8 year life with no salvage value. the simple rate of return on the investment is closest to:

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  1. 21 February, 00:24
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    The simple rate of return on the investment is closest to

    15.2%
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