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The following relates to a proposed equipment purchase: Initial investment $ 142,100 Salvage value $ 3,900 Estimated useful life 4 years Annual net cash flows

The following relates to a proposed equipment purchase: Initial investment $ 142,100 Salvage value $ 3,900 Estimated useful life 4 years Annual net cash flows $ 46,000 Annual depreciation expense $ 34,550 The annual average investment amount used to calculate the accounting rate of return is:

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