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Exercises 3D Printer, 16% EX 25-1 Average rate of return Obj. 2 The following data are accumulated by Lone Peak Inc. in evaluating two competing

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Exercises 3D Printer, 16% EX 25-1 Average rate of return Obj. 2 The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $40,000 $50,000 Useful life 7 years 10 years Estimated residual value $3,000 $6,000 Estimated total income over the useful life $24,080 $36,400 Determine the expected average rate of return for each proposal SHOW ME HOW

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