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Project A requires a $315,000 initial investment for new machinery with a flve-year life and a salvage value of $42,000. Project A Is expected to

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Project A requires a $315,000 initial investment for new machinery with a flve-year life and a salvage value of $42,000. Project A Is expected to yield annual income of $22,900 per year and not cash flow of $78,750 per year for the next five years. Compute Project A's accounting rate of return

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