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Determine the simple rate of return on the investment

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Reference no: EM132527072

The management of Nixon Corporation is investigating purchasing equipment that would cost $524,000 and have a 7 year life with no salvage value. The equipment would allow an expansion of capacity that would increase sales revenues by $367,000 per year and cash operating expenses by $212,500 per year. (Ignore income taxes.)

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Question 1: Determine the simple rate of return on the investment. (Round your answer to 1 decimal place.)

Reference no: EM132527072

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