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Joes burger shop is considering opening a new outlet for a period of three years. The up-front costs are $288,000 (no salvage value). The outlet
Joes burger shop is considering opening a new outlet for a period of three years. The up-front costs are $288,000 (no salvage value). The outlet is expected to earn net income of $31,500 a year. What is the expected average accounting rate of return on this venture?
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