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QS 26-6 (Algo) Accounting rate of return LO P2 Project A requires a $360,000 initial investment for new machinery with a five-year life and a

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QS 26-6 (Algo) Accounting rate of return LO P2 Project A requires a $360,000 initial investment for new machinery with a five-year life and a salvage value of $30,500. Project A is expected to yield annual income of $27,600 per year and net cash flow of $90,000 per year for the next flve years. Compute Project A's accounting rate of return

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