An investigation of a proposed investment has been made. The following result has been presented to management: 

The minimum payout period based on capital recovery using a minimum annual return of 10 percent as a fictitious expense is 10 years; annual depreciation costs amount to 8 percent of the total investment. Using this information, determine the standard rate of return on the investment. 

Answer rating: 100% (QA)

As per the given data we know that Return on investment Net profit total a... View the full answer