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A mini-mart needs a new freezer and the initial investment will cost $300,000. Incremental revenues,...

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Accounting

A mini-mart needs a new freezer and the initial investment will cost $300,000. Incremental revenues, including cost savings, are $200,000, and incremental expenses, including depreciation, are $125,000. There is no salvage value. What is the accounting rate of return (ARR) expressed as a percentage? Enter amounts rounded to two decimals (e.g. 78.76 or 40.00)

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