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Determine the expected average rate of return for a proposed investment of $5,498,259.00 in a fixed asset, using straight line depreciation, with a useful life
Determine the expected average rate of return for a proposed investment of $5,498,259.00 in a fixed asset, using straight line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $13,327,209.00 (round to two decimal points).
Select the correct answer.
2.42%
12.12%
4.85%
24.24%
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