What was the amount of its profit in that year, Financial Management

What was the amount of its profit in that year

Problem

Vebco Water and Gas received a contract for a seawater desalination plant wherein the company expected to make a 28% rate of return on its investment, If Vebco invested $8 million the first year, what was the amount of its profit in that year?

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Financial Management: What was the amount of its profit in that year

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Financial Management: What was the amount of its profit in that year

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