A small construction company has $170,000 set aside in a capital improvement fund to purchase new equipment. If $16,000 is invested at 28%, $30,000 at 15%, and the remaining $124,000 at 23% per year, what is the overall rate of return on the entire $170,000?

Answer rating: 100% (QA)

Here individual investment should be multiplied by corresponding weigh... View the full answer