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A machine costs $187,000 and will have an eight-year life, a $28,000 salvage value, and...

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Accounting

A machine costs $187,000 and will have an eight-year life, a $28,000 salvage value, and straight-line depreciation is used. Management estimates the machine will yield an after-tax net income of $19,500 each year. Compute the accounting rate of return for the investment.

18.1%.

36.6%.

18.9%.

20.9%.

29.9%.

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