Your trying to determine whether to expand your business by building a new manufacturing plant. The plant
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Question:
Your trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $15 million, which will be depreciated straight-line to zero over its four year life. If the plant has projected net income of $1,754,000,$1,820,500,$1,716,3000,and $1,097,400 over these four years, what is the project's average accounting return (AAR)?
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