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Peng Company is considering buying a machine that will yield income of $3,100 and net cash flow of $19,100 per year for three years. The

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Peng Company is considering buying a machine that will yield income of $3,100 and net cash flow of $19,100 per year for three years. The machine costs $54,300 and has an estimated $6,300 salvage value. Compute the accounting rate of return for this investment

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