Determine the average rate of return for a project that is estimated to yield total income of $600,000 over 4 years, costs $840,000, and has an $80,000 residual value. Round percentage answer to one decimal place.

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The Answer of Determine the average rate of return for a project that is estimated to yield total income of $600,000 over 4 years, costs $840,000, and has an $80,000 residual value. Round percentage answer to one decimal place.

Determine the Average Rate of Return for a Project That