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-Year 1: CF = 63,120 NI = 13,620 -Year 2: CF = 70,800 NI = 3,300 -Year 3: CF = 91,080 NI = 29,100 -Average

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-Year 1: CF = 63,120 NI = 13,620 -Year 2: CF = 70,800 NI = 3,300 -Year 3: CF = 91,080 NI = 29,100 -Average book value = $75,000 Using the data above calculate the ARR. (NI stands for Net Income)

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