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A project has average net income of $5,600 a year over its 6-year life. The initial cost of the project is 898,000 which will be

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A project has average net income of $5,600 a year over its 6-year life. The initial cost of the project is 898,000 which will be depreciated wsing raight-line depreciation to a book value of zero over the life of the project. The firm wants to earn a minimum average accounting return of 11.5 percent. The firm should the project because the AAR is percent. accept: 3.71 O accept: 11.43 reject; 11.43 reject; 5.71

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