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Information for two alternative projects involving machinery investments follow. The accounting rate of retum for Project 1: Year Initial investment Project 1 $ (430,000)

Information for two alternative projects involving machinery investments follow. The accounting rate of retum for Project 1: Year Initial investment Project 1 $ (430,000) Project 2 $ (370,000) Salvage value e 39,000 Annual income 43,000 43,000

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