Answer to Question #3161 in Statistics and Probability for cwh

Question #3161

A firm's financial manager estimates that a new project proposal will enhance revenue by $14,000 per year for 7 years, and will also reduce costs by $5,000 per year. The present value of these flows are about $68,158 and $24,342 assuming a 10% discount rate. The project costs $90,000. The project's ROI is about:

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