Port Moody Inc. is looking to invest in some machinery to replace its current malfunctioning one....

Port Moody Inc. is looking to invest in some machinery to replace its current malfunctioning one. The new machine, which costs $ 1,000,000, would increase annual revenue by $ 500,000 and yearly expense by $ 150,000. The machine is estimated to have a useful life of 5 years. Calculate the accounting rate of return.

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