Mountain Frost is considering a new project with an initial cost of $$265,000.$ The equipment will be depreciated on a straight$-$line basis to a zero book value over the four$-$year life of the project. The projected net income for each year is $$21,200,$ $$22,100,$ $$24,600,$ and $$18,100,$ respectively. What is the average accounting return? $12\mathrm{.}17\%8\mathrm{.}11\%14\mathrm{.}87\%17\mathrm{.}39\%16\mathrm{.}23\%$