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The expected average rate of return for a proposed investment of $6,470,000 in a fixed asset, using straight-line depreciation, with a useful life of 20

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The expected average rate of return for a proposed investment of $6,470,000 in a fixed asset, using straight-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $12,940,000 over the 20 years is (round to two decimal points). a. 1.00% b. 40.00% c. 20.00% d. 10.00%

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