Question: D Question 4 2 pts a (CH8 Problem 4) You're trying to determine whether or not to expand your business by building a new manufacturing
D Question 4 2 pts a (CH8 Problem 4) You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $18,150, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $2,990, $2,200, $2,950, and $3,230 over these four years, what is the project's average accounting return (AAR)? Round your answer to the nearest basis point (i.e. xx.xx%)
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