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A project produces annual net income of $11,500, $13,700, and
$16,900 over the three years of its li 1 answer below » A project produces annual net income of $11,500, $13,700, and
$16,900 over the three years of its life, respectively. The initial
cost of the project is $257,000. This cost is depreciated
straight-line to a zero book value over three years. What is the
average accounting rate of return if the required discount rate is
6.75 percent? A.) 5.33 percent B.) 5.46 percent C.) 6.58 percent D.) 10.92 percent E.) 13.90 percent Aug 05 2015 08:34 AM