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17) You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of

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17) You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $29 million, which will be depreciated straight-line to zero over its three-year life. If the plant has projected net income of $1,848,000, $2,080,000, and $2,720,000 over these three years, what is the project's average accounting return (AAR)? A) B) C) D) E) 14.69 percent 14.14 percent 15.03 percent 15.28 percent 14.21 percent

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