The expected average rate of return for a proposed investment of $5,220,000 in a fixed...
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Accounting
The expected average rate of return for a proposed investment of $5,220,000 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 $15,660,000 over the 20 years is (round to two decimal points).
a. 60.00%
b. 1.50%
c. 30.00%
d. 15.00%
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