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A project has an annual rate of return of 15%. The project cost $90000, has a 5 -year useful life, and has no salvage value.

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A project has an annual rate of return of 15%. The project cost $90000, has a 5 -year useful life, and has no salvage value. Straight-line depreciation is used. The annual net income, exclusive of depreciation, is $13500.$24750$35775$31500

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