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A project has cost of #10,000 and scrap value of #1,000 at the end of 4years.income before tax and depreciation during the 4years are #3,000, #4,000,...

A project has cost of #10,000 and scrap value of #1,000 at the end of 4years.income before tax and depreciation during the 4years are #3,000, #4,000, #5,000 and #2,000 for years 1 to 4 respectively.tax rate is 50% and depreciation is on a straight line basis.calculate the accounting rate of return.

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