Question
Determine the average rate of return for a project that is estimated to yield total income of $737,100 over five years, has a cost of
Determine the average rate of return for a project that is estimated to yield total income of $737,100 over five years, has a cost of $1,004,600, and has a $87,400 residual value. Round to the nearest whole number.
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ICSA Study Text In Management Accounting
Authors: Richard Lyall
4th Edition
186072308X, 978-1860723087
