Wombles Corporation is contemplating purchasing equipment that would increase sales revenues by $478,000 per year...
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Accounting
Wombles Corporation is contemplating purchasing equipment that would increase sales revenues by $478,000 per year and cash operating expenses by $249,000 per year. The equipment would cost $738,000 and have a 9 year life with no salvage value. The annual depreciation would be $82,000. The simple rate of return on the investment is closest to: SHow work please!
19.9%
30.8%
31.0%
11.1%
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