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Derrick iverson is a divisional manager for holston company. his annual pay raises are largely determined by his division’s return on investment (roi), which has been above 25% each of the last three years. derrick is considering a capital budgeting project that would require a $5,150,000 investment in equipment with a useful life of five years and no salvage value. holston company’s discount rate is 17%. the project would provide net operating income each year for five years as follows: sales $4,300,000 variable expenses 1,900,000 contribution margin 2,400,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs$765,000 depreciation765,000 total fixed expenses 1,530,000 net operating income $870,000 click here to view exhibit 13b-1 and exhibit 13b-2, to determine the appropriate discount factor(s) using tables.1. compute the project's net present value. net present value2. compute the project's simple rate of return. simple rate of return percent

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Derrick iverson is a divisional manager for holston company. his annual pay raises are largely deter...

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