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Sheridan Company is considering buying equipment for $221000 with a useful life of five years and an estimated salvage value of $13000. If annual expected

image text in transcribed Sheridan Company is considering buying equipment for $221000 with a useful life of five years and an estimated salvage value of $13000. If annual expected income is $22500, the denominator in computing the annual rate of return is $234000.$221000.$110500.$117000.

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