| MYUSFx My HomeCengageNOWv2 | Online teachin Xengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inpro... to全临Dickerson Co. is evaluating a project requiring a capital expenditure of $810,000. The project has an estimated life of 4 years and no salvage value. Theestimated net income and net cash flow from the project are as follows:YearNet IncomeNet Cash Flow$75,000$285,0002100,000290,0003.109,000190,000436,000125,000$320,000$890,000The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for , 2, 3, and 4 years is 0.893, 0.797,0.712, and 0.636, respectively.Required:Determine the average rate of return on investment. Round your answer to one decimal place.PreviousNext9:40 PM5/8/20212.

Average rate of return of investment = Average net income * 100/(Initial investment-Salvage value)

Answered: e average rate of return on investment,

Business

Accounting

e average rate of return on investment,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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