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QUESTION
A 5 years project requires $65,000 of fixed assets that will be depreciated using straight-line depreciation to a zero book value over the life of...
A 5 years project requires $65,000 of fixed assets that will be depreciated using straight-line depreciation to a zero book value over the life of the project. If the firm requires a minimum average accounting return of 11.65% what must be the minimum average net income for the project to be accepted?
