What will be its annual rate of return on the investment
Problem
A company invests $2 million to clear land and plant pine trees. The trees will mature in 10 years and the company expects to sell them for $6 million. What will be its annual rate of return on this investment?
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While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net Income of the company after tax? Show your computation.
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The trees will mature in 10 years and the company expects to sell them for $6 million. What will be its annual rate of return on this investment?
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