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Determine the average rate of return for a project that is estimated to yield total income of $383,520 over six years, has a cost of

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Determine the average rate of return for a project that is estimated to yield total income of $383,520 over six years, has a cost of $699,4000, and has a $52,600 residual value. Round to the nearest whole number. % Divide the estimated average annual income by the average investment. Investment cost plus residual value, divided by two, equals average investment

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