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Business, 11.12.2019 20:31 cjjjjjjjjjjjjj

Peng company is considering an investment expected to generate an average net income after taxes of $1,950 for three years. the investment costs $45,000 and has an estimated $6,000 salvage value. compute the accounting rate of return for this investment; assume the company uses straight-line depreciation.

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