Q14. Amigo Mobility, which manufactures battery-powered mobility scooters, has $680,000 to invest. The company is considering three different battery projects that will yield the following rates of...

Q14. Amigo Mobility, which manufactures battery-powered mobility scooters, has $680,000 to invest. The company is considering three different battery projects that will yield the following rates of return:

Deep cycle = 13%

Wet/flooded = 33%

Lithium ion = 23%

The initial investment required for each project is $180,000, $100,000, and $400,000, respectively. If Amigo’s invests in all three projects, what will be its overall rate of return?

The rate of return is %.