Question: 1. Determine the average rate of return for a project that is estimated to yield total income of $444,720 over 6 years, has a cost

1.

Determine the average rate of return for a project that is estimatedto yield total income of $444,720 over 6 years, has a costof $758,600, and has a $113,400 residual value. Round to the nearestwhole number. %image text in transcribedimage text in transcribedimage text in transcribed

Determine the average rate of return for a project that is estimated to yield total income of $444,720 over 6 years, has a cost of $758,600, and has a $113,400 residual value. Round to the nearest whole number. %

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