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The Toth Company bought a new specialty machine that cost $100,000 with a 4 -year life with a $12,000 residual value, The company plans to

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The Toth Company bought a new specialty machine that cost $100,000 with a 4 -year life with a $12,000 residual value, The company plans to generate annual cash inflows of $30,000 each year for 4 years. Calculate the accounting rate of return. 4.97% 9.3% 7.7% 8.00%

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