Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.)

Question

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):  The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.)

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The Answer of Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):  The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.)

Joetz Corporation Has Gathered the Following Data on a Proposed