Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one productline were as follows: first cost of $23,000, and annual costs of $18,000. Annual revenue was $25,000 and the used equipment wassalvaged for $5,000. What rate of return did the company make on this product? (Round the final answer to three decimal places.)The rate of return that the company made on the product is%.

Answered: Image /qna-images/answer/2e7a7eeb-f7ef-4289-9434-f0c0c1fb6635.jpg

Answered: Swagelok Enterprises is a manufacturer…

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Functions

Section9.6: Direct And Inverse Variations

Problem 39PS

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