3. A company needs 5.3 years in order to recover all the cost of their investment $4.9M is the annual profit and 5.5% of the total investment is the annual depreciation. Determine the total investment of the company.

3. A company needs 5.3 years in order to recover all the cost of their investment $4.9M is the annual profit and 5.5% of the total investment is the annual depreciation. Determine the total investment of the company.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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3. A company needs 5.3 years in order to recover all the cost of their investment. $4.9M is the
annual profit and 5.5% of the total investment is the annual depreciation. Determine the total
investment of the company.

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