An engineer invest 3 million in concrete making. In return, ge receives ₱235,000.00 per year for 5 years. Compute for the rate of return on investment and the return on investment.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 17EA: Gardner Denver Company is considering the purchase of a new piece of factory equipment that will...
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An engineer invest 3 million in concrete making. In return, ge receives ₱235,000.00 per year for 5 years. Compute for the rate of return on investment and the return on investment.
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