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A company buys a machine for $76,000 that has an expected life of 7 years and no salvage value. The company anticipates a yearly net
A company buys a machine for $76,000 that has an expected life of 7 years and no salvage value. The company anticipates a yearly net income of $3,650 after taxes of 22%, with the cash flows to be received evenly throughout each year, what is the accounting rate of return? Multiple Choice 33 62%. 9.61%. 750% 211% Next 21 of 30 Muluple Choice 33.62%. 9.61%. 750%. 211% 480%.
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