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The salvage value of these projects is estimated to be

Veritas Corporation has a gross investment in existing projects of $6,000,000. These projects generated gross cash flow of $1,100,000 and have an expected life of 8 years. The salvage value of these projects is estimated to be $900,000. The firm's cost of capital of 10%. Using the simplified approach, what is the CFROI for these projects?

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Business Management: The salvage value of these projects is estimated to be

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