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Project-P will generate profits of $6,000,$6,000 and $4,000 in three years of its life. The project requires an initial investment of $93,000, which will be

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Project-P will generate profits of $6,000,$6,000 and $4,000 in three years of its life. The project requires an initial investment of $93,000, which will be depreciated at a straight line to zero over three years. Find the ARR of the project. (The answer should be presented in decimal form and rounded to 4 -decimal places. For example, if the answer is 12.34%, write 0.1234 )

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