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ABC Company is considering the purchase of a machine costing $44,000. The new machine will have a 5-year useful life and no salvage value. ABC

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ABC Company is considering the purchase of a machine costing $44,000. The new machine will have a 5-year useful life and no salvage value. ABC Company uses straight-line depreciation. ABC Company assumes that the annual cash inflow from the machine will be received uniformly throughout each year, In calculating the accounting rate of return, what is ABC Company's average investment? Multiple Choice $26.400 $8,800 $22,000

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