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(Solved) : North End Co Considering New Project Earn 325 342 Total Income Next Five Years Cost Start Q34209264

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Answer to North End Co. is considering a new project which will earn $325,342 of total income over the next five years. The cost …

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North End Co. is considering a new project which will earn $325,342of total income over the next five years. The cost to start theproject totals $525,200, and it will have a $21,343 salvage value.Calculate the average rate of return for the project, roundingpercentages to the nearest whole percentage.