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Prescott Corporation is considering an investment in new equpment costing $18.000. The equipment will be depreciated on a straight line basis over a ten-year he

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Prescott Corporation is considering an investment in new equpment costing $18.000. The equipment will be depreciated on a straight line basis over a ten-year he and is expected to have a residual value of 598.000. The equipment is expected to generate net cash inflows of $152.000 for each of the first five years and $116.000 for each of the last five years. What is the accounting rate of return associated with the equipment investment (Round your answer to two decimal places) 10.05 10:20 9.05

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