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Question 9 (1 point) The Golden Rams Company is evaluating a capital investment project. It requires an investment of $280,000 with no residual value ands

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Question 9 (1 point) The Golden Rams Company is evaluating a capital investment project. It requires an investment of $280,000 with no residual value ands a six (6) year life. This project is expected to have a total net cash flows of $420,000 over its life. The average annual income is $14,000. What is the Average Rate of Return and Cash Payback Period? Average Rate of Return- -12%: Cash Payback Period- -6 years Average Rate of Return- -11%: Cash Payback Period- -5 years Average Rate of Return- -10%; Cash Payback Period- -4 years Average Rate of Return- - 9%; Cash Payback Period: 3 years

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