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A company buys a machine for $65,000 that has an expected life of 4 years and no salvage value. The company uses straight-line depreciation. The
A company buys a machine for $65,000 that has an expected life of 4 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $3,100 after taxes of 30%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? Multiple Choice O 6.68% O 2.86%. 19.08% O 4.77%. O 9.54%
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