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2 Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $149,280 over three

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2 Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $149,280 over three years, has a cost of $559,800, and has a $62,200 residual value. Round to the nearest whole number. 1

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