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John bought new kitchen equipment for his restaurant for a total of $56,000. The equipment has an expected life of 7 years. If the new

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John bought new kitchen equipment for his restaurant for a total of $56,000. The equipment has an expected life of 7 years. If the new equipment represents an annual savings of $12, 440, what is his savings rate of return? 0 64.31% O 22.21% 0 155.50% 450.16%

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