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

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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