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Eyring Company invested $10,020,000 in a new product line. The life cycle of the product is projected to be seven years with the following net income stream: $200,000, $600,000, $1,000,000, $1,200,000, $1,600,000, $2,200,000, and $1,600,000.

find out the accounting rate of return.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942018

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