The following tables provide book information on the Nodhead project. ...
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Accounting
The following tables provide book information on the Nodhead project.
Year
1
2
3
4
5
6
Book income for store
1
65.60
34.40
84.40
132.40
132.40
132.40
2
72.82
38.18
93.68
146.96
146.96
3
80.83
42.38
103.99
163.13
4
89.72
47.05
115.43
5
99.59
52.22
6
110.54
Total book income
65.60
38.42
41.75
178.74
330.81
499.60
Book value for store
1
1,003.21
836.01
668.81
501.61
334.41
167.21
2
1,113.56
927.97
742.38
556.79
371.19
3
1,236.06
1,030.05
824.04
618.03
4
1,372.02
1,143.35
914.68
5
1,522.94
1,269.12
6
1,690.47
Total book value
1,003.21
1,949.57
2,832.84
3,646.06
4,381.53
5,030.70
Assume a steady-state growth rate of 11% per year. Calculate the book ROI. (Negative answers should be indicated by a minus sign.Do not round intermediate calculations. Round your answers to 3 decimal places.)
Year
1
2
3
4
5
6
Book ROI
Answer & Explanation
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