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Saved You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.2 million,
Saved You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.2 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,874,300, $1,927,600, $1,896,000, and $1,349,500 over these four years, respectively, what is the project's average accounting return (AAR)? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average accounting return e rex 9 of 15 Next > MacBook Air * F2 so DOG DOO F4 2- 4 19 # 2 $ 4 3 % 5 * - & 7 - 6 8 9 14/
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