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Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $ 3 2 1

Average Rate of Return
Determine the average rate of return for a project that is estimated to yield total income of $321,750 over five years, has a cost of $737,900, and has a $120,100 residual value. Round to the nearest whole number.
fill in the blank 1%

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