Val-lok industries manufacture miniature fittings and, Business Economics

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Val-lok industries manufacture miniature fittings and

Val-lok industries manufacture miniature fittings and valves. Over a period of 8 years, the costs associated with one product line were as follows: initial investment cost of $22,000 and annual costs of $20,000. Annual revenue was $24,000. What rate of return did the company make on this product?

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