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Compute rol using net book value and gross book value

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The Ste. Marie Division of Pacific Media Corporation just started operations. It purchased depreciable assets costing $43 million and having a four-year expected life, after which the assets can be salvaged for $8.6 million. In addition, the division has $43 million in assets that are not depreciable. Alter four years, the division will have $43 million available from these nondepreciable assets. This means thatthe division has invested $86 million in assets with a salvage value of $51.6 million. Annual depreciation is $8.6 million. Annual operating cash ?ows are $29 million. Depreciation is computed on a straight-line basis, recognizing the salvage values noted. Ignore taxes. Assume that the division uses beginningo?yearasset values in the denominator for computing ROI

Required:

Problem 1: Compute ROl, using net book value and gross book value.

Reference no: EM132825221

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