Question: A project that would require an initial cash outflow of $1,000,000 at the beginning is expected to produce average annual cash inflows of $40,000. The

A project that would require an initial cash outflow of $1,000,000 at the beginning is expected to produce average annual cash inflows of $40,000. The project is expected to have an average book value of $250,000 and average annual net income of $50,000. The company considering this project requires a return of 15.25%.

What is the projects average accounting return. - do not round intermediate calculations

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