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A project that cost $57000 has a useful life of 5 years and a salvage value of $3000. The internal rate of return is 12%

A project that cost $57000 has a useful life of 5 years and a salvage value of $3000. The internal rate of return is 12% and the annual rate of return is 18%. The amount of the annual net income is

$5400.

$3240.

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