Question: Determine the average rate of return for a project that is estimated to yield total income of $539,600 over four years, cost $646,000, and has
Determine the average rate of return for a project that is estimated to yield total income of $539,600 over four years, cost $646,000, and has a $64,000 residual value.
| Estimated average annual income | $ | |
| Average investment | $ | |
| Average rate of return | % |
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