Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was $124,000 with annual costs of $47,000. Revenues are $79,000 in year 1, increasing by $1000 per year. A salvage value of $23,000 was realized when the process was discontinued after 8 years. What rate of return did the company make on the process?

The rate of return made by the company is %......

Answer rating: 100% (QA)

first year cash flow790004700032000 for rat... View the full answer