Multiple Choice
What is the accounting rate of return for a project that requires an initial outlay of $15 000 and has the expectation of future earnings of $4000 p.a.for the next five years? Assume the required rate of return is 8% p.a.
A) 1.333
B) $970.80
C) 1.0647
D) 1.564
Correct Answer:
Verified
Correct Answer:
Verified
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