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Bryson's Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $ 2 8 , 0 0 0 and will be usable
Bryson's Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $ and will be usable for seven years. Delivery of prescriptions which the pharmacy has never done before should increase revenues by at least $ per year. The cost of these prescriptions will be about $ per year. The pharmacy depreciates all assets by the straightline method.
Compute the accounting rate of return for the new auto. Round your answer to the nearest percent
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