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Crapty Company Is Considering Investing in a New Facility to Extract

Question 70

Essay

Crapty Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $240000 but will also increase annual expenses by $180000. The facility will cost $980000 to build but will have a $20000 salvage value at the end of its 20-year useful life.
Instructions
Calculate the annual rate of return on this facility.

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The annual rate of return is c...

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