Chapter 9 - Assignment 1.4 Problem 3: Calculating AAR 5 Points You're trying to determine whether to expand your business by building a new manufacturing line. The automated assembly line has an installation cost of $25 million, which will be depreciated straight-line to zero over its five-year life. The line has projected net income of $1,754,000. $1,820,500,$1,716,300,$1,352,000, and $1,097,400 over these five years. a) What is the project's average accounting return (AAR)? b) If the company's required return is 15%, should it pursue the project? Use the Template Provided Below to Create Your Solution - Pay close attention to the formulas Input area