Cheyenne Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $225,500, but it will also increase annual expenses by $165,506. The facility will cost $985,000 to build, and it will have a $25,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) Annual rate of return %

Cheyenne Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $225,500, but it will also increase annual expenses by $165,506. The facility will cost $985,000 to build, and it will have a $25,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) Annual rate of return %

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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