Answer
$13.6\%$
Work Step by Step
The project’s simple rate of return for each of the five years is:
=$\frac{\$405.000}{\$2.975.000}=13.6\%$
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 13 - Capital Budgeting Decisions - The Foundational 15 - Required - Page 608: 8
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