A project has an initial cost of 62000 and a four year life, Ask an Expert

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A project has an initial cost of $62,000 and a four year life. The company uses straight line depreciation to a book value of zero over the life of the project. The projected net income from the project is $2,400, $4,100, $4,700, and $4,500 a year for the next four years, respectively. What is the average accounting return?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91548108

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