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(Ignore income taxes in this problem. )Pal Corporation is contemplating purchasing equipment that would increase sales revenues by $438,000 per year and cash operating expenses by $258,000 per year.The equipment would cost $504,000 and have a 9 year life with no salvage value.The annual depreciation would be $56,000.
Required:
Determine the simple rate of return on the investment to the nearest tenth of a percent.Show your work!
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The act of retrieving information or events from memory without the explicit cues provided for in recognition tasks.
Snail
A slow-moving, terrestrial or freshwater mollusk with a soft, unsegmented body encased in a typically spiral shell.
Caterpillar
The larval stage of a butterfly or moth, characterized by its segmented body and growth through molting.
Turtle
A reptile characterized by a shell covering its body, which allows it to retract its head and limbs for protection; they can live in aquatic or terrestrial habitats.
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