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The CEO of ABC Corp. wants to improve the manufacturing efficiency of the organization. To this effect, the CEO is planning to purchase a set

The CEO of ABC Corp. wants to improve the manufacturing efficiency of the organization. To this effect, the CEO is planning to purchase a set of machines that will have a useful life of

4

years and is expected to yield an annual income of $

30, 000 .

Considering the average rate of return is

15 %,

what will be the average investment?

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