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The expected average rate of return for a proposed investment of $4,800,000 in a fixed...

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Accounting

The expected average rate of return for a proposed investment of $4,800,000 in a fixed asset, using straight-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $10,560,000 over the 20 years, is

a. 24%

b. 45%

c. 10%

d. 22%

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