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A new project has an initial cost of $181,000. The equipment will be depreciated on a straight-line basis to a book value of $71,000 at
A new project has an initial cost of $181,000. The equipment will be depreciated on a straight-line basis to a book value of $71,000 at the end of the four-year life of the project. The projected net income each year is $15,600, $18,250, $23,700, and $15,500, respectively. What is the average accounting return?
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