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Do It! Review 24-4 Wallowa Company is considering a long-term investment project called ZIP, ZIP will require an investment of $117,600. It will have a

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Do It! Review 24-4 Wallowa Company is considering a long-term investment project called ZIP, ZIP will require an investment of $117,600. It will have a useful life of 4 years and no salvage value Annual revenues would increase by $79,740, and annual expenses (excluding depreciation) would increase by 540,180. Wallow uses the straight-line method to compute depreciation expense. The company's required rate of return is 14%. Compute the annual rate of return. (Round answer to decimal places . 1596.) Annual rate of return Determine whether the project is acceptable? The project is Wedne che stannon how Work

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