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A company projects an increase in net income of $135000 each year for the next five years if it invests $900000 in new equipment. The

A company projects an increase in net income of $135000 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment? 30.0% 15.0% 22.5% 34.5%

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