The Diamond Oaks Company is deciding whether to purchase a machine for $80,000

The Diamond Oaks Company is deciding whether to purchase a machine for $80,000 which will yield the following cost savings:
Year 1 $25,000
Year 2 $40,000
Year 3 $45,000
The expected rate of return on this project is closest to:
(Points: 5)
12%.
14%.
16%.
18%.

 

 

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