A project is estimated to yield total income of $936,000 over 8 years, has an...
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A project is estimated to yield total income of $936,000 over 8 years, has an initial cost of $1,200,000 and an estimated residual value of $100,000. When considering the Average Rate of Return, what is the average investment? (A) $117,000 (B) $150,000 (C) $1,100,000 (D) $650,000
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