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The Jason Company is considering the purchase of a machine that will increase revenues by...

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Accounting

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The Jason Company is considering the purchase of a machine that will increase revenues by $32,000 each year. Cash outflows for machine will be $6.000 each year. The cost of the machine is $65.000. It is expected to have a useful life of five years with no salvage value. For this machine, what is the simple rate of return? (Ignore income taxes in this problem.) Multiple Choice

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