The proposed expansion of CIV Electronics plant facilities requires the immediate outlay of $100 000. Expected net

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The proposed expansion of CIV Electronics’ plant facilities requires the immediate outlay of $100 000. Expected net returns are
Year 1: Nil
Year 2: $30 000
Year 3: $40 000
Year 4: $60 000
Year 5: $50 000
Year 6: $20 000
Find the rate of return for situations below (correct to the nearest 10th of a percent).
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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