Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):...
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Joetz Corporation has gathered the following data on a proposed investment project Ignore income taxes.: Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return $ $ $ years The company uses straightline depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return for the investment rounded to the nearest tenth of a percent is: 
Joetz Corporation has gathered the following data on a proposed investment project Ignore income taxes.:
Investment required in equipment
Annual cash inflows
Salvage value of equipment
Life of the investment
Required rate of return
$
$
$
years
The company uses straightline depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.
The simple rate of return for the investment rounded to the nearest tenth of a percent is:
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