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Business, 29.02.2020 02:24 nguyenhoangthienkim0

The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000, would be replaced by a new machine. The new machine would be purchased for $468,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $161,000 per year in cash operating costs. The simple rate of return on the investment is closest to.

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The management of Stanforth Corporation is investigating automating a process. Old equipment, with a...
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