A new punching machine will cost 150000 it has a life of 10, Finance Basics

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A new punching machine will cost 150000 it has a life of 10

Question: A new punching machine will cost $150,000. It has a life of 10 years with no salvage value. During its life, it is anticipated to save company $25,000 per year. What is Rate of Return (ROR) on this machine? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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