Question: PLEASE ANSWER ASAP THANKS!! A project has an initial cost of $34,857 and a three-year life. The company uses straight-line depreciation to a book value

PLEASE ANSWER ASAP THANKS!! PLEASE ANSWER ASAP THANKS!! A project has an initial cost of $34,857

A project has an initial cost of $34,857 and a three-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,700,$2,000, and $2,253 a year for the next three years, respectively. What is the average accounting return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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