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Sony Lavery is considering investing $45,000 in a project with the following cash revenues and expenses: Year Revenues Depreciation Year 1 $18,000 $8,000 Year 2
Sony Lavery is considering investing $45,000 in a project with the following cash revenues and expenses:
| Year | Revenues | Depreciation |
| Year 1 | $18,000 | $8,000 |
| Year 2 | $22,000 | $10,000 |
| Year 3 | $22,000 | $9,000 |
| Year 4 | $24,000 | $9,000 |
| Year 5 | $26,000 | $9,000 |
| Year 6 | $28,000 | $12,000 |
| Year 7 | $28,000 | $11,000 |
| Year 8 | $28,000 | $12,000 |
What is the average income for the project?
a.$19,250
b.$18,000
c.$20,000
d.$14,500
e.$30,000
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Auditing In An Internet Of Things Environment
Authors: Robert R. Moeller
1st Edition
1119461669, 978-1119461661
