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Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Project 1 Year Project 2 Initial

Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Project 1 Year Project 2 Initial investment $ (330,000) $ (270,000) Salvage value 0 29,000 Annual income 33,000 33,000 Multiple Choice

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