3 Problem 9-6 Calculating AAR (L04) You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12 million, which will be depreciated straightline to zero over its fouryear life. Ifthe plant has projected net income of $1,858,500, $1,911,800, $1,880,200, and $1,333,700 over these four years, what is the project's average Lamb accounting return (AAR)? (Round the final answer to 2 decimal places.) Average accounting return |:| % eBook