XYZ, Inc. has operating income of $838,273 and net assets of $3,817,971. XYZ's minimum rate...
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Accounting
XYZ, Inc. has operating income of $838,273 and net assets of $3,817,971. XYZ's minimum rate of return is 18%. XYZ has the opportunity to increase operating income by $251,482 by making an investment of $763,594 in new assets. These assets will be in operation together with those already in place.
REQUIRED: Calculate the return on investment (ROI) of XYZ if the project is carried out. (Round your answer to two decimal places.)
Answer:
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