Average rate of return

Determine the average rate of return for a project that is estimated to yield total income of $$366,250$ over $5$ years, has a cost of $$521,500,$ and has a $$64,500$ residual value. Round to the nearest whole number. $q,$

$x\%$

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Divide the estimated average annual income by the average investment. Investment cost plus residual value, divided by two, equals average investment.