Multiple Choice
The expected average rate of return for a proposed investment of $6,000,000 in a fixed asset, using straight-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $12,000,000 over the 20 years is
A) 20%
B) 10%
C) 40%
D) 5%
Correct Answer:
Verified
Correct Answer:
Verified
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