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The expected average rate of return for a proposed investment of $723,000 in a fixed asset with a useful life of 4 years, straight-line depreciation,

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The expected average rate of return for a proposed investment of $723,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $274,720 for the 4 years is (round to two decimal places) a. 19.00% b. 9.50% c. 0.38% d. 0.76%

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