The amount of the average investment

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Reference no: EM13964725

The amount of the average investment for a proposed investment of $120,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $21,600 for the 4 years, is

a. $30,000

b. $21,600

c. $5,400

d. $60,000

Reference no: EM13964725

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