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A new project has an initial cost of $165,000. The equipment will be depreciated on a straight-line basis to a zero book value over the

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A new project has an initial cost of $165,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $12,400,$16,300, $18,200,$14,300, and $10,200, respectively. What is the average accounting return

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