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Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data:Proposal Y Investment...

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Accounting

Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data:Proposal Y Investment $ 410, 000

Useful life 5 years $ 95, 000

Residual value $ 24, 000

Depreciation method Straigh line

Required rate of return 13 %

Calculate accounting rate of return for Proposal Y.

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