which manufactures rigid shaft couplings, has $600,000 to invest. The company is considering three different projects that will yield the following rates of return.
Project X iX 24%
Project Y iY 18%
Project Z iZ 30%
The initial investment required for each project is $100,000, $300,000, and $200,000, respectively. If Tuggle's MARR is 15% per year and it invests in all three projects, what rate of return will the company make?