Problem $9-6$ Calculating AAR $[$LO$4]$

You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $$11\mathrm{.}3$ million, which will be depreciated straight$-$line to zero over its four$-$year life. If the plant has projected net income of $$1,784,300,$$$1,837,600,$$$1,806,000,$ and $$1,259,500$ over these four years, respectively, what is the project's average accounting return $($AAR$)?($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Average accounting return

$\%$