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ABC Corp. invests $500,000 this year in a three-year project. The investment will have the salvage value of $140.000. The performance of the project over

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ABC Corp. invests $500,000 this year in a three-year project. The investment will have the salvage value of $140.000. The performance of the project over the three-year span was as follows: At Year 1, the project had $250,000 in revenues, $30,000 in costs of goods sold. $32,000 in other operating expenses, and $20.000 in interest payments. The tax rate was 21% At Year 2. the project had $280,000 in revenues, 540,000 in costs of goods sold, 530,000 in other operating expenses, and $20,000 in interest payments. The tax rate was 21% At Year 3, the project had $270,000 in revenues. 541,000 in costs of goods sold. $33,000 in other operating expenses, and $20.000 in interest payments. The tax rate was 21% What is this project's average accounting return during the three-year span? HINT: Be sure to set up your depreciation expenses based on the duration of the project. 17.25% 1813% 16.11% 1432 D Question 15 25 pts Same facts as above what is the average accounting return of this project the salvage value is so that is rather than $140.0001 453 3.58% 612 The accounting return would remain unchange

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