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8) 1 point An investment of $120,000 is made on a piece of equipment with a useful life of 6 years with an expected salvage

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8) 1 point An investment of $120,000 is made on a piece of equipment with a useful life of 6 years with an expected salvage value of $30,000. The estimated total cash flow from the investment is $20,000 per year. Calculate the expected average rate of return for the project

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