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Average Rate of Return The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $60,000 $92,000 Useful life 4 years 7 years Estimated residual value Estimated total income over the useful life $6,600 $30,590 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer % Truck %

Average Rate of Return The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $60,000 $92,000 Useful life 4 years 7 years Estimated residual value Estimated total income over the useful life $6,600 $30,590 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer % Truck %

FINANCIAL ACCOUNTING
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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Average Rate of Return The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $60,000 $92,000 Useful life 4 years 7 years Estimated residual value Estimated total income over the useful life $6,600 $30,590 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer Truck %
Transcribed Image Text:Average Rate of Return The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $60,000 $92,000 Useful life 4 years 7 years Estimated residual value Estimated total income over the useful life $6,600 $30,590 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer Truck %
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