An equipment costing $57,500 is being considered for a production process at Dow Chemicals. The expected benefits per year is $4,500 and estimated salvage value is $10,000. Determine the rate of return the company can get in this equipment proposal. Equipment life 15 years. Answer: (need trial & error from Table, write equation first) 

Answer rating: 100% (QA)

To determine the rate of return on the equipment proposal we can use the following for... View the full answer