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At Year 1, the project had $300,000 in revenues, $30,000 in costs of goods 50 id. $32,000 in other operating expenses, and $20,000 in interest

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At Year 1, the project had $300,000 in revenues, $30,000 in costs of goods 50 id. $32,000 in other operating expenses, and $20,000 in interest payments. The tax rate was 21%. At Year 2, the project had $310,000 in revenues, $40,000 in costs of goods sold, $35,000 in other operating expenses, and $20.000 in interest payments. The tax rate was 21\%. At Year 3 , the project had $305,000 in revenues, $41,000 in costs of goods sold, $33.000 in other operating expenses, and $22,000 in interest payments. The tax rate was 21% What is this project's average accounting retum during the three-year span? HINT: Be sure to set up your depreciation expenses based on the duration of the project. 15.16% 14,129 13.488 14.32k Same facts as above: what is the average accounting return of this project if the salvage value is $0 (that is, rather than $150,000 )? 4.12% 3.69% 5.23% The average accounting return would remain unchanged

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