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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 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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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
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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