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AFP CTP Question # 112 Topic 12 Discussion

CTP Exam Topic 12 Question 112 Discussion:
Question #: 112
Topic #: 12

A telecommunications company receives a profit of $587,542 from its cellular phone production unit in the year after investing $962,870 in a new product line. What is the first year return on its original investment?


A.

56%


B.

58%


C.

61%


D.

64%


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