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Hello can you check my work thank you.
Hello can you check my work thank you.
The expected average rate of return for a proposed investment of $6,850,000 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 $13,700,000 over the 20 years is (round to two decimal points).
a.40.00%
b.1.00%
c.10.00%
d.20.00%
I got D for my answer