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Find what the amount of the annual net income was

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Reference no: EM132691863

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:

Select one:

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

Reference no: EM132691863

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