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GlenGary Investment Corporation is analyzing a propos

GlenGary Investment Corporation is analyzing a proposal to build condo units in southern

Florida. The project will require an initial investment of $500,000. The building has a useful life of 20 years, a residual value of $200,000, and is depreciated on a straight-line basis. GlenGary uses the accounting rate of return model to evaluate investment projects. What is the minimum annual operating in come that must be generated by this project to achieve the 9% accounting return required by GlenGary?

A) $18,000

B) $45,000

C) $27,000

D) $25,000

 

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Apr 19, 2020

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