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Bish Company Had an Investment Which Cost $270000 and Had

Question 123

Multiple Choice

Bish Company had an investment which cost $270000 and had a salvage value at the end of its useful life of zero. If Bish's expected annual net income is $16200 the annual rate of return is:


A) 6%.
B) 8.3%.
C) 16.7%.
D) 12%.

Correct Answer:

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