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9) An investment of $90,000 is made on a piece of equipment with a useful life of 6 years with an expected salvage value of

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9) An investment of $90,000 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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