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A company buys a machine for $ 6 0 , 0 0 0 that has an expected life of 9 yers and no salvage value.

A company buys a machine for $

60, 000

that has an expected life of

9

yers and no salvage value. The company antIcipates annuaL income of $

2, 850,

with the cash flows to be recieved evenly throughout ach year. What is the accounting rate of return?

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