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Project A requires a $300,000 initial investment for new machinery with a five-year life and a salvage value of $30, 500. The company uses straight-line

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Project A requires a $300,000 initial investment for new machinery with a five-year life and a salvage value of $30, 500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29, 200 per year for the next five years. Compute Project A's accounting rate of return

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