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What is the accounting rate of return for a project that requires an initial outlay of $15 000 and has the expectation of future earnings
What is the accounting rate of return for a project that requires an initial outlay of $15 000 and has the expectation of future earnings of $4000 p.a. for the next five years? Assume the required rate of return is 8% p.a. Please provide working out and explanation on question
| 1.333 |
| $970.80 |
| 1.0647 |
| 1.564 |
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