Multiple Choice
Comet Powder Company has purchased a piece of equipment costing $100,000. It is expected to generate a 10-year stream of benefits amounting to $16,273 per year. Determine the rate of return Comet expects to earn from this equipment.
A) 16.3%
B) 62.7%
C) 10%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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