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Acompany that manufactures brushless blowers invested $600,000 in an automated quality control system for blower housings. Th

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Answer #1

Select 12.33%

Use Excel function Rate where Initial cost (PV) is 600000, PMT is 160000 and FV is 50000.

Also NPER or time is 5 years

Use RATE(5,160000,-600000,50000) to get rate of return at 12.33%

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