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Peng Company is considering buying a machine that will yield income of $3,400 and net cash flow of $17,900 per year for three years

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Peng Company is considering buying a machine that will yield income of $3,400 and net cash flow of $17,900 per year for three years The machine costs $53,700 and has an estimated $10,200 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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