Question: help with part b please Consider the financial data for a project given in the table below. Initial investment Project life Salvage value Annual revenue
help with part b please Consider the financial data for a project given in the table below. Initial investment Project life Salvage value Annual revenue Annual expenses $80,000 6 years $13,000 $28,000 $8,000 (a) What is for this project? = 15.6 % (Round to one decimal place.) (b) If the annual expense increases at a 7% rate over the previous year's expenses, but the annual income is unchanged, what is the new i? * = % (Round to one decimal place.)
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