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Project A requires a $370,000 initial investment for new machinery with a five-year life and...

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Accounting

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Project A requires a $370,000 initial investment for new machinery with a five-year life and a salvage value of $41.500. Project A is expected to yield annual income of $24,800 per year and net cash flow of $92.500 per year for the next five years. Compute Project A's accounting rate of return

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