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Compute the annual net income

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Question - A project has an annual rate of return of 15%. The project cost $60,000, has a 5-year useful life, and no salvage value. Straight-line depreciation is used. Compute the annual net income, exclusive of depreciation?

a. $16,500.

b. $21,000.

c. $31,800.

d. $9,000.

Reference no: EM132834266

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