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The expected average rate of return for a proposed investment of $776,000 in a fixed asset,...

The expected average rate of return for a proposed investment of $776,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $245,000 for the four years, is (round to two decimal points).

a.15.79%

b.7.90%

c.31.57%

d.13.90%

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