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(Ignore income taxes in this problem.) Oriental Corporation has gathered the following data on a proposed investment project:
The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.
-The simple rate of return on the investment would be:
Negotiable Installment Notes
Debt instruments that promise repayments in a series of payments and are transferable to others.
Finance Companies
Businesses that provide loans to individuals or corporations, excluding banks and other traditional financial institutions.
Forgery
The act of fraudulently making, altering, or falsifying a document or other object with the intent to deceive or defraud.
Real Defense
Legal defenses that can be used to invalidate a claim in a contract or to nullify the contract itself.
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