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Addison Corp. is considering the purchase of a new piece of equipment. The equipment will have an initial cost of $740,000, a 4 year life,

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Addison Corp. is considering the purchase of a new piece of equipment. The equipment will have an initial cost of $740,000, a 4 year life, and no salvage value. If the accounting rate of return for the project is 11%, what is the annual increase in net cash flow? ignore income taxes. Multiple Choice $81,400 $103,600 $185.000 $266.400

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