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Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Determine the expected average rate of

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Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Determine the expected average rate of return for each project. ProjectCProjectT%% Feedback Theck My Work Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by two, equals average investment

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