x Your answer is incorrect. Legend Service Center just purchased an automobile hoist for...
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x Your answer is incorrect. Legend Service Center just purchased an automobile hoist for $ The hoist has an year life and an estimated salvage value of $ Installation costs and freight charges were $ and $ respectively. Legend uses straightline depreciation. The new hoist will be used to replace mufflers and tires on automobiles. Legend estimates that the new hoist will enable his mechanics to replace extra mufflers per week. Each muffler sells for $ installed. The cost of a muffler is $ and the labor cost to install a muffler is $ a Compute the cash payback period for the new hoist. Cash payback period years b Compute the annual rate of return for the new hoist. Round answer to decimal places, eg Annual rate of return eTextbook and Media 
x Your answer is incorrect.
Legend Service Center just purchased an automobile hoist for $ The hoist has an year life and an estimated salvage value of
$ Installation costs and freight charges were $ and $ respectively. Legend uses straightline depreciation.
The new hoist will be used to replace mufflers and tires on automobiles. Legend estimates that the new hoist will enable his mechanics
to replace extra mufflers per week. Each muffler sells for $ installed. The cost of a muffler is $ and the labor cost to install a
muffler is $
a
Compute the cash payback period for the new hoist.
Cash payback period
years
b
Compute the annual rate of return for the new hoist. Round answer to decimal places, eg
Annual rate of return
eTextbook and Media
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