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TB MC Qu. 11-90 (Algo) A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $28,200,

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TB MC Qu. 11-90 (Algo) A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $28,200, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each yeac. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Multiple Choice 50.00%

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