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Wayne Company is considering a long-term investment project called ZIP.ZIP will require an investment of...

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Wayne Company is considering a long-term investment project called ZIP.ZIP will require an investment of $121,840. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,000, and annual expenses (excluding depreciation) would increase by $39,000. Wayne uses the straight-line method to compute depreciation expense. The company's required rate of return is 13%. Compute the annual rate of return. (Round answer to decimal places, e.g. 15%.) Annual rate of return % Determine whether the project is acceptable? the project. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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