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29. Xiao Miao company projec ts an increase in accounting net income of $225,000 each year for the next five years if it invests $900,000

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29. Xiao Miao company projec ts an increase in accounting net income of $225,000 each year for the next five years if it invests $900,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $300,000. What is the annual average accounting (AAA) rate of return on this investment? A) 25.0% B) 37.5% C) 50.0% D) 57.5% Da Miao Company had an investment which cost $260,000 and had a salvage value at the end of its useful life of zero. If Da Maio's expected annual accounting net income is $15,000, the Annual 30. Average Accounting (AAA) rate of return is: A) 5.8%. B) 9.8%. C) 11.5%. D) 15%

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