Question: Please show work. No spreadsheet. Thank you 6. Average Accounting Return The Patches Group has invested $27,000 in a high-tech project lasting three years. Depreciation

Please show work. No spreadsheet. Thank you
6. Average Accounting Return The Patches Group has invested $27,000 in a high-tech project lasting three years. Depreciation is $8,100, $12,400, and $6,500 in Years 1, 2, and 3, respectively. The project generates earnings before tax of $3,340 each year. If the tax rate is 25 percent, what is the project's average accounting return (AAR)
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