Question: Problem 0 8 . 0 1 2 - Calculating rate of return given multiple alternative ZipCar auto parts store has $ 8 4 , 0

Problem 08.012- Calculating rate of return given multiple alternative
ZipCar auto parts store has $84,000 to invest in a project to detect and reduce insier theft in their stores. They are considering investing in one of two alternatives, identified as Y and Z. Z is the higher first-cost alternative, and the incremental initial investment between the two is $54,000 and will exhibit a rate of return of 8.00% per year. Z requires an investment of $84,000. They expect a rate of return on the $84,000 investment of 49.00 percent. Answer the following questions; (a) what is the size of the investment required in Y?, and, (b) what is the rate of return on Y?
The size of the investment required in Y is $ .
The rate of return on Y is %.(Round the final answer to three decimal places.)

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