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The Accounting Rate of Return (ARR) is not recommended as a capital expenditure tool because: a....

The Accounting Rate of Return (ARR) is not recommended as a capital expenditure tool because: a. It is based upon accounting numbers. b. It only provides numbers based upon average figures from the balance sheet and Consolidated Statement of Comprehensive Income. c. It does not discount a project cash flow over time. d. All of the above

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Hence Option D All the above

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