You’re trying to determine whether or not 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 $1,416,000, $1,032,000, $1,562,000, and $985,000 over these four years, what is the project’s average accounting return (AAR)?