A project requires an $840,000 initial investment for new machinery with a five-year life and...
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Accounting
A project requires an $840,000 initial investment for new machinery with a five-year life and a salvage value of $90,000. The project is expected to yield annual income of $60,450 per year and net cash flow of $209,250 per year for the next five years. The project's accounting rate of return equals 45.0%
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