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Cass Corp, is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in

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Cass Corp, is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net Income after tax of $270,000. The equipment will have an initial cost of $1,000,000 and have a 8 year life. If there is no salvage value of the equipment what is the accounting rate of return? Multiple Choice 19.5% 540 2701 22.01

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