Multiple Choice
A company buys a machine for $76,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly after tax net income of $1,805. What is the accounting rate of return?
A) 42.75%.
B) 6.65%.
C) 9.50%.
D) 2.85%.
E) 4.75%.
Correct Answer:
Verified
Correct Answer:
Verified
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