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24.2HW Please answer this question. Thank you! Peng Company is considering buying a machine that will yield income of $2,400 and net cash flow of
24.2HW Please answer this question. Thank you!
Peng Company is considering buying a machine that will yield income of $2,400 and net cash flow of $17,100 per year for three years. The machine costs $50,400 and has an estimated $6,300 salvage value. Compute the accounting rate of return for this investmentStep by Step Solution
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