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Dartis Company is considering investing in a specialized equipment costing $600,000. The equipment has a useful life of 5 years and a residual value of

Dartis Company is considering investing in a specialized equipment costing $600,000. The equipment has a useful life of 5 years and a residual value of $60,000. Depreciation is calculated using the straight line method. The expected net cash inflows from the investment are given below. What is the accounting rate of return on the investment? 7.95% 8.78% 8.48% 9.25%

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