An investment of $10,000 provides average net cash flows of $500 with zero salvage value.Depreciation is $15 per year.Calculate the accounting rate of return using the original investment.(Note: Round the answer to two decimal places.)
A) 3.41%
B) 5.19%
C) 4.85%
D) 3.29%
E) 6.47%
Correct Answer:
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