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Peng Company is considering buying a machine that will yield income of $2,400 and net cash flow of $18,700 per year for three years
Peng Company is considering buying a machine that will yield income of $2,400 and net cash flow of $18,700 per year for three years The machine costs $58,500 and has an estimated $9,600 salvage value. Compute the accounting rate of return for this investment. Numerator: Accounting Rate of Return Denominator: Accounting Rate of Return Accounting rate of return
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