Business
Business, 13.08.2021 04:00, tayler1911

The management of XYZ Corporation is investigating purchasing equipment that would increase sales revenues by $269,000 per year and cash operating expenses by $156,000 per year. The equipment would cost $294,000 and have a 6-year life with no salvage value. The simple rate of return on the investment is closest to (Ignore income taxes.):. a. 16.7%
b. 38.4%
c. 23.8%
d. 21.8%

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