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Project X: Amount of investment: $50,000 Useful life: 15 years Residual Value: $6,000 Total income over useful life: $63,000 Please calculate the average rate of
Project X:
Amount of investment: $50,000
Useful life: 15 years
Residual Value: $6,000
Total income over useful life: $63,000
Please calculate the average rate of return:
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