A company projects an increase in net income of $184500 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment?

31.0%30.8%30.0%20.5%

Answer rating: 100% (QA)

Solution Answer 308 Workings Increase in annual net inc... View the full answer