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Rainbow Painting Company is considering whether to purchase a new spray paint machine that costs $13,500. The machine is expected reduce labor costs by $3,443

Rainbow Painting Company is considering whether to purchase a new spray paint machine that costs $13,500. The machine is expected reduce labor costs by $3,443 per year. The machine is expected to have a useful life of 5 years. The unadjusted rate of return for this investment is

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