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Average rate of Return The following data are accumulated by tone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of
Average rate of Return The following data are accumulated by tone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $92,000 $32,000 Useful lide 5 years Estimated residual value 0 0 Estimated total income over the useful life 57.360 $5,200 4 years Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 2 3D Printer Truck
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