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Business, 21.04.2020 23:34 kndaniels05

QUESTION 2 Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was $139,868. Annual revenues were $29,161 in year one, increasing by $2,559 per year. A salvage value of $19,125 was realized when the process was discontinued after 8 years. MARR = 12%. What ERR did the company make on the process? Express it as a percentage: if your answer is 12%, input 12.

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