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Pharoah Trucking is considering purchasing a new truck. It is expected the truck will increase annual revenues by $47256 and increase annual expenses by

Pharoah Trucking is considering purchasing a new truck. It is expected the truck will increase annual revenues by $47256 and increase annual expenses by $36800 including depreciation. The truck will cost $127000 and will have a $3700 salvage value at the end of its useful life. Compute the annual rate of return.

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