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A company buys a machine for $63,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly net

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A company buys a machine for $63,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly net income of $3,000 after taxes of 36%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?

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