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A company has the following capital investment opportunity: calculate the average rate of return. State your answer is a percentage with two decimals, 4 decimals

A company has the following capital investment opportunity:

calculate the average rate of return. State your answer is a percentage with two decimals, 4 decimals total

please show work so I can follow along and learn these steps :)

Cost Residual Value Estimated total income Life $120,000 $24,000 $147,600 12 Years

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