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Find the amount of the annual net income

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Reference no: EM132857285

Question - A project that cost $48000 has a useful life of 5 years and a salvage value of $3000. The internal rate of return is 12% and the annual rate of return is 18%. Find the amount of the annual net income?

a. $4590.

b. $4050.

c. $3060.

d. $2700.

Reference no: EM132857285

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