The Harris Corporation bought a new machine that cost $170,000 with a 15-year life and a residual value of $20,000.They plan to generate annual cash inflows of $40,000 over 15 years.Calculate the accounting rate of return.

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The Answer of  The Harris Corporation bought a new machine that cost $170,000 with a 15-year life and a residual value of $20,000.They plan to generate annual cash inflows of $40,000 over 15 years.Calculate the accounting rate of return.

The Harris Corporation Bought a New Machine That Cost $170,000