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Average Rate of Return % Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income

image text in transcribed Average Rate of Return %

Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $407,940 over three years, has a cost of $910,000, and has a $136,000 residual value. Round to the nearest whole number.

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