Cleug is replacing one of his machines. He can choose between machine A or machine B. Details of the machine are as follows...
Estimated receipts and payments are as follows...
a) Calculate the accounting rate of return (ARR) for each machine. 
b) Calculate the payback period for each machine. 
c) Calculate the net present value (NPV) of each machine. 
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The expert examines accounting rate of returns for machines.