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Porthos Corporation has invested in a machine that cost $60,000, that has a useful life of...

Porthos Corporation has invested in a machine that cost $60,000, that has a useful life of ten years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. What is the accounting rate of return of this machine?

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