A new project has an initial cost of $148,000. The equipment will be depreciated on a straight-line basis to a book value of $49,000 at the end of the four-year life of the project. The projected net income each year is $14,500, $17,700, $22,600, and $14,400, respectively. What is the average accounting return?

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Answer rating: 100% (QA)

To calculate the average accounting return we need to find the average a... View the full answer