An investment of 1000 is made over the next 5 years there


An investment of $ 1000 is made. Over the next 5 years there will be income from the investment of $300 each year. The tax rate is 34%. The MARR for the company is 15%.

Determine the rate of return if no taxes have to be paid.

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Financial Accounting: An investment of 1000 is made over the next 5 years there
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