Question: average annual income. $ An 8-year project is estimated to cost $416,000 and have no residual value. If the straight-line depreciation method is used and

value. If the straight-line depreciation method is used and the average rate

average annual income. $

An 8-year project is estimated to cost $416,000 and have no residual value. If the straight-line depreciation method is used and the average rate of return is 10%, determine the average annual income.

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