Mountain Frost is considering a new project with an initial cost of $250,000The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $ 20,900 00,\$21.800 $24,600, and $17,800, respectively What is the average accounting return?

Mountain Frost is considering a new project with an initial cost of $250,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $20,900, $21,800, $24,600 and $17,800, respectively. What is the average accounting return? Multiple Choice 12.77% 8511 1560%