Harshini ltd wants to invest in new sets of vehicles to meet out the increasing market competition. The vehicle will cost rs.3,50,000 and would increase the company’s annual revenue by rs.1,00,000 and also it increases the annual expense of the company by 10,000. The estimated life of the vehicle is 20 years with no salvage value. Calculate ARR

Answer rating: 100% (QA)

The Accounting Rate of Return ARR is a financial ratio used in capital budgeting The rat... View the full answer