What the annual net income and exclusive of depreciation is

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Problem 1: A project has an annual rate of return of 15%. The project cost $300000, has a 5-year useful life, and has no salvage value. Straight-line depreciation is used. The annual net income, exclusive of depreciation, is

A. $105000.

B. $82500.

C. $119250.

D. $45000.

Reference no: EM132719305

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