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The Nolensville Bread Company wants to buy a new brand machine that costs $375,000. The equipment will be depreclated on a straight-line basis to a
The Nolensville Bread Company wants to buy a new brand machine that costs $375,000. The equipment will be depreclated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for the four years is $15,400,$28,300,$22,300, and $22,500. What is the average accounting rate of return? Convert to a percentage and round to one place past the decimal point Numeric Response
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