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Johansen Corporation purchased a new machine for $200,000 and will use the straight-line meth-od of depreciation over 4 years with no salvage value. If Johansen's

Johansen Corporation purchased a new machine for $200,000 and will use the straight-line meth-od of depreciation over 4 years with no salvage value. If Johansen's minimum annual rate of re-turn is 10%, this investment must generate expected annual income of

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