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Project A requires a $285,000 initial investment for new machinery with a five-year life and a salvage value of $37,500. Project A is expected to

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Project A requires a $285,000 initial investment for new machinery with a five-year life and a salvage value of $37,500. Project A is expected to yield annual income of $28,100 per year and net cash flow of $71,250 per year for the next five years. Compute Project A's accounting rate of return

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