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Nylan Tiles is considering an investment in new equipment costing $858,000. The equipment will be depreciated on a straight-line basis over a five-year life and is expected to have a residual value of $62,000. The equipment is expected to generate net cash inflows of $1,002,000 in total during the five-year life. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.)
A) 9.34%
B) 45.23%
C) 8.96%
D) 12.36%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Deprecated Author
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#2
8 years ago
This was certainly a tough question, loving the expertise
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#3
4 years ago
Thank you
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