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Accounting Rate of Return ith the following net income stream Cannon Company invested $8,000 000 in a new product line. The life cycle of the
Accounting Rate of Return ith the following net income stream Cannon Company invested $8,000 000 in a new product line. The life cycle of the product is pro ected to be S200, 00 ears $200,000, $300,000, $700,000, $800,000, $1,100,000, $2,000,000, and $1,100,000 Required: Calculate the ARR. Enter your answer as a decimal, do not convert to a percent. 101 x
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