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Project A requires a $395,000 initial investment for new machinery with a five-year life and a salvage value of $47,500. Project A is expected to

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Project A requires a $395,000 initial investment for new machinery with a five-year life and a salvage value of $47,500. Project A is expected to yield annual income of $29,000 per year and net cash flow of $98,750 per year for the next five years. Compute Project. A's accounting rate of return

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