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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows nitial investment (2 limos) Useful life
Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows nitial investment (2 limos) Useful life Salvage value Annual net income generated LLT's cost of capital $1,740,000 10 years 140,000 172,260 15% Assume straight line depreciation method is used Required Help LLT evaluate this project by calculating each of the following: .Accounting rate of return. (Round your percentage answer to 1 decimal place. Accounting Rate of Return
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