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LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,000. The average book value of the manufacturing

LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,000. The average book value of the manufacturing equipment that is used is $180,000. What is the accounting rate of return?

Group of answer choices

25.00%

15.40%

27.40%

27.00%

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