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Suppose Company X is considering for an investment with the following information about the proposed project: an initial investment of $65,000, Estimated life of 10

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Suppose Company X is considering for an investment with the following information about the proposed project: an initial investment of $65,000, Estimated life of 10 years depreciated at straight-line method, and an annual cash inflows of $10,000. The company uses ARR for decision making and requires a 15% Required Rate of Return. Should the company accept the project? Select one: O a. No, Since RRR is higher than ARR O b. Yes, Since RRR is higher than ARR O C. Yes, Since RRR is lower than ARR O d. No, Since RRR is lower than ARR

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