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(Ignore income taxes in this problem.)The management of Nixon Corporation is investigating purchasing equipment that would cost $518,000 and have a 7 year life with no salvage value.The equipment would allow an expansion of capacity that would increase sales revenues by $364,000 per year and cash operating expenses by $211,000 per year.
Required:
Determine the simple rate of return on the investment to the nearest tenth of a percent.Show your work!
Verbal Communication
The use of spoken or written words to convey a message or exchange information between individuals or groups.
Nonverbal Communication
Involves the transmission of messages or information between individuals through visual, auditory, tactile, and kinesthetic means without using words.
Nonverbal Cues
These are the unspoken signals or gestures used in communication to convey feelings, intentions, or information without the use of words.
Verbal Cues
Elements of spoken language, such as tone, pace, and volume, that provide additional context or meaning beyond the actual words spoken.
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