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[The following information applies to the questions displayed below. Peng Company is considering an investment expected to generate an average net income after taxes of
[The following information applies to the questions displayed below. Peng Company is considering an investment expected to generate an average net income after taxes of $3,400 for three years. The investment costs $48,300 and has an estimated $6,000 salvage value. Compute the accounting rate of return for this investment assume the company uses straight-line depreciation. 149 Choose Numerator: Accounting Rate of Return Choose Denominator: - Accounting Rate of Return Accounting rate of return
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