Question: Average accounting return. Consider a project that is expected to generate $45,800 in net income for each of its ten years. In addition, it is

Average accounting return. Consider a project that is expected to generate

$45,800 in net income for each of its ten years. In addition, it is going to cost $389,000 to get started. What is the average accounting return? You may assume depreciation straight-line until zero salvage.

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