The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a

The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is A. 18% B. 48% C. 24% D. 12%

 

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