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The following information was presented by Charlie Manufacturing Company for an asset purchased the previous year. What is the return on investment (ROI) assuming Charlie

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The following information was presented by Charlie Manufacturing Company for an asset purchased the previous year. What is the return on investment (ROI) assuming Charlie uses the straight-line method for depreciation and average net book values to compute ROI? (Round your final answer to 2 decimal places) 22.40%. 26.35%. M.59%. 24.89%

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