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Tetryl Company Is considering a project with an initial Investment of $200,000 in new equipment that will yield annual net cash flows of $48,000 and

Tetryl Company Is considering a project with an initial Investment of $200,000 in new equipment that will yield annual net cash flows of $48,000 and will depreciate at $24,000 per year over its eight year life. What Is the accounting rate of return?
a. 25%

b. 12%

c. 54%

d. 37%

e. 19%

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