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7. A project has an annual rate of return of15%. The project cost $190000, has a5-year useful life, and has no salvage value. Straight-line depreciation
7. A project has an annual rate of return of15%. The project cost $190000, has a5-year useful life, and has no salvage value. Straight-line depreciation is used. The annual net income, exclusive of depreciation, is
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