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You have the following information on a potential

Question - You have the following information on a potential investment.

Capital investment- $480,000

Estimated useful life- 8 years

Estimated salvage value- zero

Estimated annual net income- $18,000

Required rate of return- 10%

What is the annual rate of return on the investment (to the nearest percent)?

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Accounting Basics: You have the following information on a potential

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Accounting Basics: You have the following information on a potential

Reference No:- TGS02900305

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