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  3. the following data are accumulated by bio metrics

the following data are accumulated by bio metrics inc. in evaluating two competing capital investment...

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Accounting

the following data are accumulated by bio metrics inc. in evaluating two competing capital investment proposals:

testing equip vehicle

amount of investment 104,000 32,000

useful life 6yrs 8yrs

estimated residual value 0 0

estimated total income over the useful life 18,720 15,360

determine the expected average rate of return for each proposal

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