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Helicopter Gear is planning to expand its product line,which requires investment of $475,200 in special-purpose machinery.The machinery has a useful life of six years and no salvage value.The estimated annual results of offering the new products are as follows:
All revenue from the new products and all expenses (except depreciation)will be received or paid in cash in the same period as recognized for accounting purposes.
-The return on average investment for this proposed investment is closest to:

Question

[The following information applies to the questions displayed below.]
Helicopter Gear is planning to expand its product line,which requires investment of $475,200 in special-purpose machinery.The machinery has a useful life of six years and no salvage value.The estimated annual results of offering the new products are as follows:
  All revenue from the new products and all expenses (except depreciation)will be received or paid in cash in the same period as recognized for accounting purposes.
-The return on average investment for this proposed investment is closest to:

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The Answer of [The following information applies to the questions displayed below.]
Helicopter Gear is planning to expand its product line,which requires investment of $475,200 in special-purpose machinery.The machinery has a useful life of six years and no salvage value.The estimated annual results of offering the new products are as follows:
  All revenue from the new products and all expenses (except depreciation)will be received or paid in cash in the same period as recognized for accounting purposes.
-The return on average investment for this proposed investment is closest to:

[The Following Information Applies to the Questions Displayed Below