The cost of a plant is `60,000. The expected life of the plant is 3 years. It

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The cost of a plant is `60,000. The expected life of the plant is 3 years. It is expected to generate EBDIT (Earnings before depreciation, interest and taxes) `26,000, `30,000, and `34,000 respectively.

Compute Accounting Rate of Return assuming 30% tax and Straight Line Method of Depreciation.

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