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Required information [The following information applies to the questions displayed below.] Project A requires a...

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Accounting

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Required information [The following information applies to the questions displayed below.] Project A requires a $375,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,300 per year for the next five years. Compute Project A's accounting rate of return

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