Question: You are looking at a three - year project with a projected net income of $ 2 , 0 0 0 in Year 1 ,

You are looking at a three-year project with a projected net income of $2,000 in Year 1, $4,000 in Year 2, and $6,000 in Year 3. The cost is $12,000, which will be depreciated straight-line to zero over the threeyear life of the project. What is the average accounting return (AAR)? State your answer as a % with two decimals (e.g.,16.78%).
 You are looking at a three-year project with a projected net

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