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The average (accounting) rate of return for a proposed average investment cost of $4,800,000 in...

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Accounting

The average (accounting) rate of return for a proposed average investment cost of $4,800,000 in a fixed asset, with a useful life of 20 years, no residual value, and an expected average annual net income of $1,056,000 over the 20 years is:
  • A. 24%
  • B. 22%
  • C. 45%
  • D. 10%

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