An energy management system that can save $8,040 per year for four (4) years, expenses are $2,000 per year, can be installed at a cost of $20,000. At the end of four (4) it is expected to be soldfor $1,250. Using the end of year convention, the rate of return on this planned investment is most nearly:1.ROR = 9.81%2. ROR = 10%03. ROR = 9.5%04.ROR = 6%

The objective of this question is to calculate the rate of return (ROR) on an investment in an…

Answered: An energy management system that can…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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