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An investment has an initial cost of $3.2 million. Thisinvestment will be depreciated by $900,000 a year over the 3-yearlife of the project. Should this project be accepted based on theaverage accounting rate of return (AAR) if the required rate is10.5 percent? Why or why not?years----------------net income1------------------------ 2117002 -----------------------1864003---------------------- 165500
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