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shields company has gathered the following data on a proposed investment project: investment required in...

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Accounting

Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $420,000 Annual cash inflows $75,000 Salvage value $0 Life of the investment 8 years Discount rate 10% The simple rate of return on the investment is closest to: 20%. 5%. 10%. 15

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