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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 straight$-$line to zero over its four$-$year life. If the plant has projected net income of $$1,856,100,$ $$1,909,400,$ $$1,877,800,$ and $$1,331,300$ over these four years, what is the project$$s average accounting return $($AAR$)?($Round the final answer to $2$ decimal places.$)$

Average accounting return

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