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7) Paradise Marina is considering purchasing a new boat. The boat is expected to increase annual revenue by $31,000 and increase the annual expenses by

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7) Paradise Marina is considering purchasing a new boat. The boat is expected to increase annual revenue by $31,000 and increase the annual expenses by $19,800 including depreciation. The truck will cost $110,000 and will have a $2,000 salvage value at the end of its useful life. Compute the annual rate of return

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