Problem
A service line of business has an initial non-depreciable investment of $500,000 and an annual net income of $100,000. It operates for 10 years with no resale value. If their tax rate is 30%, what is the rate of return of this investment at MARR = 10%?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.