Business, 31.03.2021 01:00, lilakatedancer

The Income Statement for Pumpkin Co. is shown below: Pumpkin Co. IncomeStatement
for the Month Ended October 21, 2010

revenues- blank

sales
$120,000.00

operating expenses-blank

salary expense
$10,000.00

supplies expense
$14,000.00

depreciation expense
$4,000.00

net income
$92,000.00

Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.

1. Calculate the expected annual rate of return on this project.

2.Calculate the cash payback on this project.

Answers: 2

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The Income Statement for Pumpkin Co. is shown below: Pumpkin Co. IncomeStatement
for the Mont...