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Question 5 An initial investment of 2m is required to undertake a new project. The project has three years life span and it is expected
Question 5
An initial investment of 2m is required to undertake a new project. The project has three years life span and it is expected to yield the following cash flows for the next three years:1,000,000; 1,200,000 and 300,000 respectively. Calculate the accounting rate of return for this project.
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