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An investment cost $80,000 with no salvage value, a 5-year useful life, and generates an expected annual net income of $10,000. Straight-line depreciation is used.

An investment cost $80,000 with no salvage value, a 5-year useful life, and generates an expected annual net income of $10,000. Straight-line depreciation is used. What is the expected return on average investment?

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