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Windsor Company is considering buying equipment for $ 340000 with a useful life of 5 years and an estimated salvage value of $ 20000 .

Windsor Company is considering buying equipment for $340000 with a useful life of 5 years and an estimated salvage value of $20000. If annual expected income is $28000, the denominator in computing the annual rate of return is

$170000.

$180000.

$340000.

$360000.

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