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QUESTION
Determine the expected average rate of return for a proposed investment of $566,739.
Determine the expected average rate of return for a proposed investment of $566,739.00 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $213,434.00 for the 4 years (round to two decimal points).
Select the correct answer.
75.32%
