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A mini-mart needs a new freezer and the initial investment will cost $435,024. Incremental revenues, including cost savings, are $192,400, and incremental expenses, including

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A mini-mart needs a new freezer and the initial investment will cost $435,024. Incremental revenues, including cost savings, are $192,400, and incremental expenses, including depreciation, are $47,159. There is no salvage value. What is the accounting rate of return (ARR)? Round the nearest whole percent, no decimal places.

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