Buster Evans is considering investing $20,000 in a project...
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Accounting
Buster Evans is considering investing $20,000 in a project with the following annual cash revenues and expenses: Cash Cash Revenues Expenses Year 1 $ 8,000 $8,000 Year 2 $12,000 $ 8,000 $ 9,000 $20,000$10,000 $20,000$10,000 Year 3 $15,000 Year 4 Year 5 Depreciation will be $4,000 per year. What is the accounting rate of retum on the investment? O 15% o 35% o 70% 75% None ofthese
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