Multiple Choice
The expected average rate of return for a proposed investment of $4,800,000 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 $10,560,000 is:
A) 24%
B) 22%
C) 45%
D) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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