Business, 03.05.2021 23:00 angelaencinas90
Rooney Rentals can purchase a van that costs $132,000; it has an expected useful life of four years and no salvage value. Rooney uses straight-line depreciation. Expected revenue is $54,780 per year. Assume that depreciation is the only expense associated with this investment. Required Determine the payback period. (Round your answer to 1 decimal place.) Determine the unadjusted rate of return based on the average cost of the investment. (Round your answer to 1 decimal place. (i. e., .234 should be entered as 23.4).)
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Rooney Rentals can purchase a van that costs $132,000; it has an expected useful life of four years...
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