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The expected average rate of return for a proposed investment of $433,800 in a fixed asset with a useful life of 4 years, straight-line depreciation,

The expected average rate of return for a proposed investment of $433,800 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $374,440 for the 4 years is (round to two decimal places)

a. 21.58%

b. 1.73%

c. 43.16%

d. 0.86%

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