#14

VERT Submit A company that requires a 14.25% return on investment is considering a project with an initial capital outlay of $7,000,000. The project is expected to have an average book value of $1,500,000, average annual cash flow of $350,000, and average annual net income of $225,000 What is the average accounting return for the project? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the sign in your response. For example, an answer of 15,39% should be entered as 15.39. Numeric Response