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project a requires a $360,000 initial investment for new machinery with a five-year life and...

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Accounting

Project A requires a $360,000 initial investment for new machinery with a five-year life and a salvage value of $46,500. Project A is expected to yield annual income of $20,900 per year and net cash flow of $90,000 per year for the next five years. Compute Project As accounting rate of return

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