Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings...
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Accounting
Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $164,800. The equipment will have an initial cost of $515,000 and have a 7 year life. If the salvage value of the equipment is estimated to be $11,000, what is the accounting rate of return? a 154.37% b 32.00% c 49.11% d 21.28%
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