The following data are accumulated by Eco-Labs, Inc. in evaluating two competing capital investment proposals: Determine the
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The following data are accumulated by Eco-Labs, Inc. in evaluating two competing capital investment proposals:
Determine the expected average rate of return for each proposal. Round to one decimalplace.
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Testing Equipment Vehicle $28,000 8 years Amount of investment Useful life Estimated residual value Estimated total income over the useful life $80,000 б уears $13,200 $14,000
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