Multiple Choice
The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is:
A) 18%
B) 48%
C) 24%
D) 12%
Correct Answer:
Verified
Correct Answer:
Verified
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