Mountain Frost is considering a new project with an initial cost of $$230,000.$ The equipment will be depreciated on a straight$-$line basis to a zero book value over the four$-$year life of the project. The projected net income for each year is $$20,500,$$$21,400,$$$24,600,$ and $$17,400,$ respectively. What is the average accounting return?

Multiple Choice

$16\mathrm{.}72\%$

$18\mathrm{.}24\%$

$9\mathrm{.}12\%$

$19\mathrm{.}54\%$

$13\mathrm{.}68\%$