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Norman Rentals can purchase a van that costs $144, 000: it has an expected useful life of four years and no salvage value. Norman uses

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Norman Rentals can purchase a van that costs $144, 000: it has an expected useful life of four years and no salvage value. Norman uses straight-line depreciation. Expected revenue is $59, 544 per year. Assume that depreciation is the only expense associated with this investment. Required Determine the payback period. (Round your answer to 1 decimal place.) Payback period _______ years Determine the unadjusted rate of return based on the average cost of the investment. (Round your answer to 1 decimal place. (i.e., 234 should be entered as 23.4).) Unadjusted rate of return _______ %

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