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Average Rate of Retum Determine the average rate of return for a project that is estimated to yield total income of $780,000 over six years,

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Average Rate of Retum Determine the average rate of return for a project that is estimated to yield total income of $780,000 over six years, has a cost of $880,000, and has a $120,000 residual value. Round to the nearest whole number %

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