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The capital investment committee of Rigma Life Co. is currently considering purchasing a new hologram machine to create fictitious voters and has the following information: 

The capital investment committee of Rigma Life Co. is currently considering purchasing a new hologram machine to create fictitious voters and has the following information: Purchase price $240,000 Residual Value $40,000 Desired payback period 4 years Minimum Rate of Return 15% a. Compute the Accounting rate of return.

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