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Question(s) / Instruction(s):

 A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the approximate Accounting Rate of Return?

 a)           10%.

b)            19%.

c)            33%.

d)            17%.

e)            25%.

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