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Brief Exercise 165 Your answer is incorrect. Try again. Salt Company is considering investing in...

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Accounting

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Brief Exercise 165 Your answer is incorrect. Try again. 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 6.12

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