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1 Determine the average rate of return for a project that is estimated to yield total income of $369,600 over four years, cost $601,000, and
1 Determine the average rate of return for a project that is estimated to yield total income of $369,600 over four years, cost $601,000, and has a $59,000 residual value. %
2. A project has estimated annual net cash flows of $67,100. It is estimated to cost $664,290. Determine the cash payback period. Round the answer to one decimal place.
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