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M11-3 (Algo) Calculating Accounting Rate of Return [LO 11-1] What is the accounting rate of return for a project that is estimated to yield total
M11-3 (Algo) Calculating Accounting Rate of Return [LO 11-1]
What is the accounting rate of return for a project that is estimated to yield total income of $381,000 over three years and costs $854,000?
(Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))
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