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Firm X buys equipment for $11,000 and leases the equipment to firm A for $900 a year for four years. After four years, firm X
Firm X buys equipment for $11,000 and leases the equipment to firm A for $900 a year for four years. After four years, firm X expects to sell the asset for $10,000. What is the return that firm X earns on the lease? Round your answer to the nearest whole number.
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