Question 10
$13,000,000 $23,000,000
Question 11
1 pts
LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,500. The book value
of the manufacturing equipment that is used is $205,072, 200,000, 203,000, and 212,216 in years 1 through 4 respectively.
What is the accounting rate of return? (Round your answer to one decimal place)
27.4%
23.3%
33.3%
29.8%
22.19%