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Engelbret Enterprises is considering a $120,000 investment in a project with a five-year life. There is no residual value and the company uses straight-line depreciation.
Engelbret Enterprises is considering a $120,000 investment in a project with a five-year life. There is no residual value and the company uses straight-line depreciation. Total income from the project over its life is expected to be $40,000. Determine the average rate of return for this project. 33.33% 13.33% 6.67% 66.67%
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