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bernie2981 bernie2981
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8 years ago
Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of $88,000. The life of the investment is 7 years with a residual value of $4,000. If the project produces net annual cash inflows of $16,000, what is the accounting rate of return?
A) 550.00%
B) 4.55%
C) 3.90%
D) 18.18%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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4 years ago
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