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Determine what the amount of the annual net income was

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Reference no: EM132771723

Problem 1: A project that cost $75,000 has a useful life of 5 years and a salvage value of $3,000. The internal rate of return is 12% and the annual rate of return is 18%. The amount of the annual net income was

a. $7,020.
b. $6,480.
c. $4,680.
d. $4,320.

Reference no: EM132771723

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