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Calculate the average accounting return of this project

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Reference no: EM133062780

Question - A project has average net income of AED 55 million a year over its 5-year life. The initial cost of the project is AED 970 million which will be depreciated using straight-line depreciation to a book value of zero over the life of the project. Calculate the average accounting return of this project.

Reference no: EM133062780

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