The Corvette Corporation is a producer of athletic equipment. The company is considering the purchase...
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Accounting
The Corvette Corporation is a producer of athletic equipment. The company is considering the purchase of a machine to produce golf clubs. The machine will cost $60,000 and have a 10 -year useful life. The following annual revenues and expenses are projected: The machine will have no salvage value. Assume cash flows occur uniformly throughout a year except for the initial investment. The accounting (simple) rate of return would be about: 25.0%40.0%16.7%26.7%
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