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Required information [The folu.ving information applies to the questions displayed below.) Peng Company is considering an investment expected to generate an average net income after
Required information [The folu.ving information applies to the questions displayed below.) Peng Company is considering an investment expected to generate an average net income after taxes of $2,200 for three years. The investment costs $59.100 and has an estimated $6.900 salvage value. Compute the accounting rate of return for this investment; assume the company uses straight-line depreciation. Choose Numerator: Accounting Rate of Return Choose Denominator: = Accounting Rate of Return = Accounting rate of return
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