Homework Answers
ANNUAL INCOME=ANNUAL REVENUE-ANNUAL EXPENSE
ANNUAL INCOME=63,650-40,200
ANNUAL INCOME=23,450
AVERAGE INVESTMENT = (INVESTMENT+SALVAGE VALUE)/2
AVERAGE INVESTMENT =(2,61,000+74,000)/2
AVERAGE INVESTMENT =1,67,500
ANNUAL RATE OF RETURN = ANNUAL INCOME/AVERAGE INVESTMENT*100
ANNUAL RATE OF RETURN =23,450/1,67,500*100
ANNUAL RATE OF RETURN =14%
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