What is the annual rate of return on this


A company projects an increase in net income of $225,000 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 ?

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Accounting Basics: What is the annual rate of return on this
Reference No:- TGS0101827

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