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Determine the average rate of return for a project that is estimated to yield total income of $1,250,000 over 7 years, has an initial cost

Determine the average rate of return for a project that is estimated to yield total income of $1,250,000 over 7 years, has an initial cost of $1,165,000 and will have a residual value of $135,000.

24.4%

29.8%

27.5%

25.8%

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