Question: Problem 0 8 . 0 1 2 - Calculating rate of return given multiple alternative ZipCar auto parts store has $ 1 0 0 ,
Problem Calculating rate of return given multiple alternative
ZipCar auto parts store has $ to invest in a project to detect and redice insier theft in their stores. They are considering investing in one of two alternatives, identified as and is the higher firstcost alternative, and the incremental initial investment between the two is $ and will exhibit a rate of return of per year. requires an irvestment of $ They expect a rate of return on the $ investment of percent. Answer the following questions; a what is the size of the investment required in and b what is the rate of return on
The size of the investment required in is $
The rate of return on is Round the final answer to three decimal places.
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