Question: LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,500. The book value of the manufacturing equipment

 LaGrange Corp. has forecasted that over the next four years the

LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,500. The book value of the manufacturing equipment that is used is $205,072, 200,000, 203,000, and 212,216 in years 1 through 4 respectively. What is the accounting rate of return? should the project be accepted? Assume that management has an acceptance rate of 25%. h O 24%: yes O 22.19% : no 0 27.4% : yes 0 24% : no o 22.19% : yes

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