Multiple Choice
Calculate the return on investment of new equipment in the first year if:
Profit = $3 000 000
Invested capital = $45 000 000
Increase in divisional profits = $45 000
Purchase of new machine = $900 000
A) 5%
B) 6.66%
C) 1.5%
D) None of the given answers
Correct Answer:
Verified
Correct Answer:
Verified
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