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Calculate the expected accounting rate of return on average investment for a proposed investment of $9,000,000 in a fixed asset, using straight line depreciation with
Calculate the expected accounting rate of return on average investment for a proposed investment of $9,000,000 in a fixed asset, using straight line depreciation with a useful life of 20 years, $600,000 residual value, and is expected to increase the company's total net income (after depreciation and taxes) over the investment's 20-year useful life by $12,000,000. 18.0% O 12.5% 250.0% O 6.7% 14.3%
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