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Attempt in Progress Salt Company is considering investing in a new facility to extract and...

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Attempt in Progress Salt Company is considering investing in a new facility to extract and produce salt The facility will increase revenues by 220 000 but it will also increase annual expenses by 160 000 The facility will cost 980 000 to build and it will have a 20 000 salvage value at the end of its useful life Calculate the annual rate of return on this facility Annual rate of return 96

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