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all the answers posted are wrong, need accounting rate return Required information [The following information applies to the questions displayed below.] Beacon Company is considering
all the answers posted are wrong, need accounting rate return
Required information [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be \\( \\$ 15 \\) million, and the equipment has a useful life of 10 years with a residual value of \\( \\$ 500,000 \\). The company will use straightline depreciation. Beacon could expect a production increase of 40,000 units per year and a reduction of 20 percent in the labor cost per unit. Required: 2. Determine the project's accounting rate of return. Note: Round your answer to \\( \\mathbf{2} \\) decimal placesStep by Step Solution
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