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To expand its operation Maggie's Resorts is investing $11,162,000 for additional bungalows and amenities for its guests. The anticipated annual operating income is expected to

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To expand its operation Maggie's Resorts is investing $11,162,000 for additional bungalows and amenities for its guests. The anticipated annual operating income is expected to be $1,299,000, and the expected residual value at the end of its 10 -year life is $582,000. Round ARR to two decimal places

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