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QUESTION
A project has an initial cost of $48,000, which will be depreciated straight-line to zero over the 6-year life of the project. the annual net income for each of the 6 years is $3,800, $4,100, $4,600,
A project has an initial cost of $48,000, which will be depreciated straight-line to zero over the 6-year life of the project. the annual net income for each of the 6 years is $3,800, $4,100, $4,600, $3,900, $3,200, and $2,400. the required return is 12.5 percent. what is the aar?
