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Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Project 1 Project 2 $ (350,000) $

Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Project 1 Project 2 $ (350,000) $ (290,000) 31,000 35,000 Year Initial investment Salvage value Annual income Multiple Choice O O 22.6% 11.3% 12,0% 24.0% 0 42,000

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