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Blue Spruce Company is considering buying equipment for $400000 with a usefullife of 5 years and an estimated salvage value of $24000. If annual expected

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Blue Spruce Company is considering buying equipment for $400000 with a usefullife of 5 years and an estimated salvage value of $24000. If annual expected income is $28000, the denominator in computing the anwal rate of return is $200000 $212000. $400000 $424000

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