Question: Question 27 5 points Save Answer You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an

 Question 27 5 points Save Answer You're trying to determine whether

Question 27 5 points Save Answer You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,856,400, $1,909,700, $1,878,100, and $1,331,600 over these four years, what is the project's average accounting return (AAR)? (Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit % sign in your response.)

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