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Peng Company is considering a investment expected to generate an average net income after taxes of exist2, 950 for three years. The investment costs exist51,000
Peng Company is considering a investment expected to generate an average net income after taxes of exist2, 950 for three years. The investment costs exist51,000 and has an estimated exist6, 900 salvage value. Compute the accounting rate of return for this investment: assume the company uses straight-line depreciation
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