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Time Left:0:14:51 Reid Allen: Attempt 1 Previous Page Next Page Page 18 of 20 Question 18 (6 points) A project produces annual net income amounts of $8,200, $17,800, and $20,900 over its 3-year life. The initial cost is $198.900, which is depreciated straight-line to a zero book value over three years. What is the average accounting rate of return if the required discount rate is 14.5 percent? 16.84 percent 17.25 percent 18.98 percent 15.72 percent 16.67 percent Previous Page Next Page Page 18 of 20
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