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confused Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $710,400 over six
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Average Rate of Return Determine the average rate of return for a project that is estimated to yield total income of $710,400 over six years, has a cost of $673,400, and has a $66,600 residual value. Round to the nearest whole number 79 X % Feedback Check My Work Divide the estimated average annual income by the average investment. Investment cost plus residual value, divided by two, lequals average investmentStep by Step Solution
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