A new project has an initial cost of $250,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $13,250, $18,000, $20,240, $15,150, and $11,900, respectively. What is the average accounting return?

A) 12.57%

B) 11.52%

C) 13.46%

D) 8.95% E) 5.33%

Answer rating: 100% (QA)

As we are given Net income we ... View the full answer