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A 5-year project requires $65,000 of fixed assets that will be depreciated using straight-line depreciation to a zero book value over the life of the

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A 5-year project requires $65,000 of fixed assets that will be depreciated using straight-line depreciation to a zero book value over the life of the project. If the firm requires a minimum average accounting return of 11.65 percent, what must be the minimum average net income for the project to be accepted? o $7,572.50 $8,001.29 $3,786.25 $4,029.14 $5,504.73

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