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Yu Company has an opportunity to purchase an asset that will cost the company $60,000....

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Accounting

Yu Company has an opportunity to purchase an asset that will cost the company $60,000. The asset is expected to add $12,000 per year to the companys net income. Assuming the asset has a five-year useful life and a zero salvage value, the unadjusted rate of return based on the average investment will be

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