Worldwide Travel Service has made an investment in certain equipment that cost the company $307,100. The equipment

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Worldwide Travel Service has made an investment in certain equipment that cost the company $307,100. The equipment is expected to generate cash inflows of $50,000 each year.
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How many years will the equipment have to be used in order to provide the company with a 14% return on its investment?

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Managerial Accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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