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The expected average rate of return for a proposed investment of $5,040,000 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 $5,040,000 in a fixed asset, using straight-line depreciation, a useful life of 20 years, no residual value, and an expected total income of $15,120,000 over the 20 years, is (round to two decimal places) a. 30.005 b. 60.005 c. 15.00% d. 150%

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