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The expected average rate of return for a proposed investment of $4,410,000 in a fixed asset, using straight-line depreciation, a useful life of 20 years,

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The expected average rate of return for a proposed investment of $4,410,000 in a fixed asset, using straight-line depreciation, a useful life of 20 years, no residual value, and an expected total income of $8,820,000 over the 20 years, is (round to two decimal places) a. 10.00% b. 1.00% C. 40.00% d. 20.00%

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