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The accounting rate of return for a proposed investment of $800,000 in a fixed asset...

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Accounting

The accounting rate of return for a proposed investment of $800,000 in a fixed asset with a useful life of 4 years, a residual value of $40,000, and an expected total net income of $80,000 for the 4 years, is
  • A. 5.5%
  • B. 22%
  • C. 11.3%
  • D. 19%

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