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Project A requires a $385,000 initial investment for new machinery with a five-year life and a salvage value of $49.500. The company uses straight-line
Project A requires a $385,000 initial investment for new machinery with a five-year life and a salvage value of $49.500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $27,200 per year for the next five years. Compute Project A's accounting rate of return. Choose Numerator Accounting Rate of Return Choose Denominator: Accounting Rate of Return Accounting rate of return
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