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One division of the Marvin Educational Enterprises has depreciable assets costing $4,000,000. The cash flows from these assets for the past three years have been:

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One division of the Marvin Educational Enterprises has depreciable assets costing $4,000,000. The cash flows from these assets for the past three years have been: Year Cash flows $1,200,000 $1,400,000 $1,620,000 The current (e. replacement) costs of these assets were expected to increase 25% each year. Marvin used the straight-line depreciation method, the estimated useful life is 10 years with no salvage value. For return on investment (ROI) calculations, Marvin uses end-of-year balances What is the ROI using historical cost and not book value? Year 1 Year 3 Year 2 34.0% 31,3% 32.0% 35.0% 42 0% 43.6% 21.5% 22.2% 23.0% 24.8% 1 47.0% 49.5% Optionc Option D Option B Option A

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