10. A new project has an initial cost of $166,000. The equipment will be depreciated on a straight-line basis to a book value of $61,000 at the end of the four-year life of the project. The projected net income each year is $15,100,518,000, $23,200, and $15,000, respectively. What is the average accounting return? A) 8.59% B) 19.15% C) 21.48% D) 16.83% E) 15.70%