Blue Spruce Inc. is considering modernizing its production facility by investing in new equipment and...
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Blue Spruce Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,200 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,600. Your answer is correct. Determine the cash payback period. (Ignore income taxes.) (Round answer to 3 decimal places, e.g. 15.275.) eTextbook and Media Calculate the annual rate of return. (Round answer to 2 discimal places, e.g. 15.25\%.) Annual rate of return % eTextbook and Media
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