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X You are logged in as Yehan Chen Larry's Lanterns is considering a project which will produce sales of $1,000,000 a year for the next

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X You are logged in as Yehan Chen Larry's Lanterns is considering a project which will produce sales of $1,000,000 a year for the next five years. The profit margin is estimated at 8%. The project costs $2,900,000 and can be depreciated straight-line to a book value of zero over the life of the project. What is the average accounting return (AAR)? Select one: O a. 13.79% O b. 2.76% O c. 5.52% O d. 8.00% O e. 9.38% Next page ge

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