Question Content Area

The expected average rate of return for a proposed investment of $$748,300$ in a fixed asset with a useful life of $4$ years, straight$-$line depreciation, no residual value, and an expected total income of $$181,960$ for the $4$ years is $($round to two decimal places$)$

a$.0\mathrm{.}49\%$

b$.6\mathrm{.}08\%$

c$.12\mathrm{.}16\%$

d$.0\mathrm{.}24\%$