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Required information (The following information applies to the questions displayed below. Peng Company is considering an investment expected to generate an average net income after

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Required information (The following information applies to the questions displayed below. Peng Company is considering an investment expected to generate an average net income after taxes of $3,000 for three years. The investment costs $54,900 and has an estimated $6,900 salvage value. Compute the accounting rate of return for this investment; assume the company uses straight-line depreciation. Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return

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