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Project A requires a $285,000 initial investment for new machinery with a fiveyear life and a salvage value of $45,000. Project A is expected to

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Project A requires a $285,000 initial investment for new machinery with a fiveyear life and a salvage value of $45,000. Project A is expected to yield annual income of $24,800 per year and net cash ow of $71,250 per year for the next five years. Compute Project A's accounting rate of return. Accounting rate of return 0

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