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Pharoah Company had an investment which cost $400000 and had a salvage value at the end of its useful life of zero. If Mussina's

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Pharoah Company had an investment which cost $400000 and had a salvage value at the end of its useful life of zero. If Mussina's expected annual net income is $25000, the annual rate of return is: O 12.500%. O 15.625%. 10.375%. 6.250%.

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