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2.7. Average-Rate of Roturn Determine the average rate of retum for a project that is estimated to yield total income of $267,750 over three years,

2.7.

Average-Rate of Roturn Determine the average rate of retum for a project that is estimated to yield total income of $267,750 over three years, has a cost of $913.500, and has a $136,500 residual value. Round to the nearest whole number. y

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