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A new project has an initial cost of $200,000. The equipment will be depreciated on a straight-line basis to a zero book value over the
A new project has an initial cost of $200,000. 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 $12,750, $17,000, $19,040, $14,650, and $10,900, respectively. What is the average accounting return?
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