A company spent $42,000 on a production control system that will increase profits by $13,700 per year

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A company spent $42,000 on a production control system that will increase profits by $13,700 per year for 5 years. The rate of return per year on the investment is closest to:?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Mar 09, 2024 05:38 AM

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A company spent $42,000 on a production control system that will increase profits by $13,700 per year

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To calculate the rate of return on the investment we can use the formula for the average ... View the full answer

Engineering economy

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