What amount would have to be invested, Cost Accounting

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What amount would have to be invested

Problem

Vebco Water and Gas received a contract for a seawater desalination plant wherein the company expected to make a 28% rate of return on its investment with investment $8 million the first year. What amount would have to be invested to realize the same monetary amount of return if the rate decreases to 15% per year?

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Cost Accounting: What amount would have to be invested

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Cost Accounting: What amount would have to be invested

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