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Do It! Review 12-5 Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP, ZIP will require an

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Do It! Review 12-5 Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP, ZIP will require an investment of $121,600. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,820, and annual expenses (excluding depreciation) would increase by $40,300. Wayne uses the straight-line method to compute depreciation expense. The company's required rate of retum is 12%. Compute the annual rate of return. Annual rate of return Determine whether the project is acceptable? heresthe project. Click if you would like to Show Work for this question: Oeen Show work

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