(Ignore income taxes in this problem. )Chee Corporation has gathered the following data on a proposed investment project: The company uses straight-line depreciation.Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the investment is closest to:

Question

(Ignore income taxes in this problem. )Chee Corporation has gathered the following data on a proposed investment project:  The company uses straight-line depreciation.Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the investment is closest to:

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The Answer of (Ignore income taxes in this problem. )Chee Corporation has gathered the following data on a proposed investment project:  The company uses straight-line depreciation.Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the investment is closest to:

(Ignore Income Taxes in This Problem