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Moore Whole Distributors is anticipating investing in equipment that cost $105600. The equipment has an 10-year life and no salvage value. Moore uses straight-line depreciation.

Moore Whole Distributors is anticipating investing in equipment that cost $105600. The equipment has an 10-year life and no salvage value. Moore uses straight-line depreciation. The equipment has a payback period of 6 years. The accounting rate of return is closest to

6.0%.

5.0%.

3.3%.

6.7%.

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