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Company X produces an annual net income of $8200, $17800,and 20,900 over its 3 years life. The initial cost is $198900, which is depreciated straight
Company X produces an annual net income of $8200, $17800,and 20,900 over its 3 years life. The initial cost is $198900, which is depreciated straight -line to a zero book value three years. what is the average accounting rate of return if the required discount rate is 14.5 percent?
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