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The expected average rate of return for a proposed investment of $489,600 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 $489,600 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $163,280 for the 4 years is (round to two decimal places) a. 0.33% b. 8.34% c. 16.67% d. 0.67%

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