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The expected average rate of return for a proposed investment of $621,700 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 $621,700 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $175,240 for the 4 years is (round to two decimal points) a. 0.28% b. 14.09% c. 0.56% d. 7.05%
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