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The expected average rate of return for a proposed investment of $652,000 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 $652,000 in a fixed asset, with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $241,000 for the 4 years, is:
a. 13.90%
b. 9.24%
c. 36.96%
d. 18.48%
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