A contractor has purchased a small excavator for $280,000 that she plans to use for ten years. She anticipates that the used excavator can be sold for $25,000 after ten years of use. Average annual earnings generated by the excavator are estimated to be $125,000, and the average operating and labor costs are estimated to be $75,000. What is the estimated rate of return that the excavator will generate for the contractor?

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias