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value of $52,400, and an 8 -year life. The equipment can only be used to manufacture the phone. The cost to manufacture the phone follows:

image text in transcribed value of $52,400, and an 8 -year life. The equipment can only be used to manufacture the phone. The cost to manufacture the phone follows: Determine the average rate of return on the equipment. If required, round to the nearest whole percent. %

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