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Posted: June 15th, 2022
Determine the unadjusted rate of return based on the average cost of the investment. (Spherical your reply to 1 decimal place. (i.e., .234 ought to be entered as 23.four).)Norman Leases should buy a van that prices $144,000; it has an anticipated helpful life of 4 years and no salvage worth. Norman makes use of straight-line depreciation. Anticipated income is $59,544 per yr. Assume that depreciation is the solely expense related to this investment.
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