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ABC Corp's proposed project with an estimated life of 20years and salvage value of P 100,000requires an initial investment of P 1,000,000. It will yield

ABC Corp's proposed project with an estimated life of 20years and salvage value of P 100,000requires an initial investment of P 1,000,000. It will yield yearly cash inflow of P 100,000. Straight line method will be used. The annual rate of return based on average investment will be_____

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