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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

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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