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Swifty Company is considering a long-term investment project called ZIP ZIP will require an investment of $122.400. It will have a useful life of 4

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Swifty Company is considering a long-term investment project called ZIP ZIP will require an investment of $122.400. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,556, and annual expenses (excluding depreciation) would increase by $41,000. Swifty uses the straight line method to compute depreciation expense. The company's required rate of return is 10% Compute the annual rate of return. Annual rate of return Determine whether the project is acceptable? the project

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