(Ignore income taxes in this problem.) Overland Corporation has gathered the following data on a proposed investment project: Investment required in equipment $ 580,000 Annual cash inflows $ 74,000 Salvage value of equipment $ 0 Life of the investment 20 years Required rate of return 11 % The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the investment is: (Round your answer to the nearest interest rate.)
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(Ignore income taxes in this problem.) Overland Corporation has gathered the following data on a pro...
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