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Abba, Inc is considering the purchase of some new equipment that costs $202700. The new equipment is expected to increase revenues by $101900 annually. Cash

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Abba, Inc is considering the purchase of some new equipment that costs $202700. The new equipment is expected to increase revenues by $101900 annually. Cash expenses are expected to be $59000 and depreciation expense is $17600. The accounting rate of return of the equipment is Enter your answer as a whole number rounded to 2 decimal places. If your calculation is 1234 , answer as 12.34

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