Question: 1 pts LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45.500. The book value of the

 1 pts LaGrange Corp. has forecasted that over the next four

1 pts LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45.500. The book value of the manufacturing equipment that is used is $205,072,200,000, 203,000, and 212,216 in years 1 through 4 respectively. What is the accounting rate of return? should the project be accepted? Assume that management has an acceptance rate of 25%. 24%; yes 27.4%; yes 22.19%; yes 22.19%; no 24%; no

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