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Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of $33,000. The life of the investment

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Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of $33,000. The life of the investment is 5 years with a residual value of $7,000. If the project produces net annual cash inflows of $20,000, what is the accounting rate of return? (Round any intermediary calculations to the nearest dollar and your final answer to two decimal places, X.X%.) A. 40.61% B. 60.61% C. 44.85% D. 1.65%

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