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Summer 20 Company is considering investing in new equipment.Based on the following, what is the Accounting Rate of Return? Estimated Cost of New Equipment$100,000Useful life

Summer 20 Company is considering investing in new equipment.Based on the following, what is the Accounting Rate of Return?

Estimated Cost of New Equipment$100,000Useful life in years5Estimated Residual Value$5,000Expected Net Cash Inflows over life of asset$150,000

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