Curritt Company purchased equipment for $360,000 that is expected to increase revenues $115,200 in each of the next 5 years. The machine will be depreciated on a straight-line basis with no salvage value. What is the unadjusted rate of return on the initial investment by Curritt Company?

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The Answer of Curritt Company purchased equipment for $360,000 that is expected to increase revenues $115,200 in each of the next 5 years. The machine will be depreciated on a straight-line basis with no salvage value. What is the unadjusted rate of return on the initial investment by Curritt Company?

Curritt Company Purchased Equipment for $360,000 That Is Expected to Increase