Innovate Tech invested $800,000 in a new project and earned a Net Income of $160,000. What is the Return on Investment (ROI)? A) 18.50% B) 20.00% C) 22.50% D) 25.00%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 1PA: Your company is planning to purchase a new log splitter for is lawn and garden business. The new...
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Innovate Tech invested $800,000 in a new project and earned a Net Income of
$160,000.
What is the Return on Investment (ROI)?
A) 18.50%
B) 20.00%
C) 22.50%
D) 25.00%
Transcribed Image Text:Innovate Tech invested $800,000 in a new project and earned a Net Income of $160,000. What is the Return on Investment (ROI)? A) 18.50% B) 20.00% C) 22.50% D) 25.00%
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