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28. A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salvage value is

28. A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salvage value is $5000. The project will generate annual revenues of $23075. The annual rate of return is

a) 54.3%.

b) 19.0%.

c) 21.0%.

d) 20.0%.

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