Solution-What the simple rate of return on the machine is

What the simple rate of return on the machine is

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Reference no: EM132528070

Question 1: Jark Corporation has invested in a machine that cost $57,000, that has a useful life of six years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. Given these data, the simple rate of return on the machine is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)

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What the simple rate of return on the machine is

Reference no: EM132528070

Reference no: EM132528070

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