Tuggle inc which manufactures rigid shaft couplings has


Tuggle, Inc., which manufactures rigid shaft couplings, has $600,000 to invest. The company is considering three dissimilar projects that will yield the following rates of return.

Project X iX 24%

Project Y iY 18%

Project Z iZ 30%

The initial investment needed for each project is $100,000, $300,000, and $200,000, respectively. If Tuggle's MARR is 15 percent per year and it invests in all three projects, what rate of return will the company make?

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Microeconomics: Tuggle inc which manufactures rigid shaft couplings has
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