=+^ m9/t ng eC,U'Pment Amount of investment $34,000 $40,000 Useful life 6 years 8 years Estimated residual

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=+^ m9/t ng eC,U'Pment Amount of investment $34,000 $40,000 Useful life 6 years 8 years Estimated residual value 0 0 Estimated total income over the useful life $10,200 $14,000 Determine the expected average rate ofreturn for each proposal.

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