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The expected average rate of return for a proposed investment of $655,000 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 $655,000 in a fixed asset, with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $340,000 for the 4 years, is (round to two decimal points).

a.51.91%

b.25.95%

c.13.90%

d.12.98%

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