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Jimba's,Inc

Question 75

Multiple Choice

Jimba's,Inc. ,has purchased a new donut maker.It cost $20,000 and has an estimated life of 10 years.The following annual donut sales and expenses are projected: Jimba's,Inc. ,has purchased a new donut maker.It cost $20,000 and has an estimated life of 10 years.The following annual donut sales and expenses are projected: Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the new machine is closest to: A) 15% B) 16.7% C) 25% D) 23.3% Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the new machine is closest to:


A) 15%
B) 16.7%
C) 25%
D) 23.3%

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