Multiple Choice
Jinny's Ice Cream is considering opening a new outlet for a period of three years. The up-front costs are $288,000. The outlet is expected to earn net income of $31,500 a year. What is the expected average accounting rate of return on this venture?
A) 14.93%
B) 21.88%
C) 31.25%
D) 38.76%
E) 43.75%
Correct Answer:
Verified
Correct Answer:
Verified
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