Amigo Mobility, which manufactures battery-powered mobility scooters, has $660,000 to invest. The company is considenng three different battery projects that will yleld the following rates of return: Deep cycle 17% Wet/fiooded = 45% Lithium lon = 17% The initial investment required for each project is $160,000, $100,000, and $400,000, respectively If Amigo's invests in all three projects, what will be its overall rate of return? The rate of return is
Amigo Mobility, which manufactures battery-powered mobility scooters, has $660,000 to invest. The company is considenng three different battery projects that will yleld the following rates of return: Deep cycle 17% Wet/fiooded = 45% Lithium lon = 17% The initial investment required for each project is $160,000, $100,000, and $400,000, respectively If Amigo's invests in all three projects, what will be its overall rate of return? The rate of return is
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![Amigo Mobility, which manufactures battery-powered mobility scooters, has $660,000 to invest. The company is considenng three
different battery projects that will yield the following rates of return:
Deep cycle =17%
Wet/fiooded = 45%
Lithium lon = 17%
The initial investment required for each project is $160,000, $100,000, and $400,000, respectively If Amigo's invests in all three
projects, what will be its overall rate of return?
The rate of return is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15c22c02-a3a9-49b9-b857-642a5ba16fee%2F7c93e813-8fe1-4dbc-8471-09d446533562%2Fumxmfjj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Amigo Mobility, which manufactures battery-powered mobility scooters, has $660,000 to invest. The company is considenng three
different battery projects that will yield the following rates of return:
Deep cycle =17%
Wet/fiooded = 45%
Lithium lon = 17%
The initial investment required for each project is $160,000, $100,000, and $400,000, respectively If Amigo's invests in all three
projects, what will be its overall rate of return?
The rate of return is
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