An initial investment of $270,000 is expected to generate $180,000 in annual cost savings over the asset's expected 3-year life.Assume straight-line depreciation and ignore income taxes.The accounting rate of return based on initial investment is _____.

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The Answer of An initial investment of $270,000 is expected to generate $180,000 in annual cost savings over the asset's expected 3-year life.Assume straight-line depreciation and ignore income taxes.The accounting rate of return based on initial investment is _____.

An Initial Investment of $270,000 Is Expected to Generate $180,000