11 A project has an initial cost of $16,780 and a 3-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $3,320, $3,080, and $1,700 for Years 1 to 3, respectively. What is the average accounting return? (2.05 ) S2 TU Efe @