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Salt company is considering investing in a new facility to

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Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $220,000, but it will also increase annual expenses by $160,000. The facility will cost $980,000 to build, and it will have a $20,000 salvage value at the end of its useful life.Calculate the annual rate of return on this facility.

Reference no: EM13592121

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