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The expected average rate of return for a proposed investment of $6,700,000 in a fixed...

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Accounting

The expected average rate of return for a proposed investment of $6,700,000 in a fixed asset, using straight-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $20,100,000 over the 20 years is (round to two decimal points).

a.60.00%

b.30.00%

c.15.00%

d.1.50%

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