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The management of Douglass Corporation is considering the purchase of a new machine costing $365,000....

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Accounting

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The management of Douglass Corporation is considering the purchase of a new machine costing $365,000. The machine's salvage value is expected to be $10,000. The company's desired rate of return is 6%. The estimated annual net income is $18.750. The estimated annual net cash flow is $93.750. The accounting rate of return (ARR) for this investment is

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