14) What is the payback period for the following project? Year 0 Cash Flow -$14,500.00 $2,200.00 $4,800.00 $6,500.00 $5,500.00 2 3 4 A) 3.18 years B) 3.44 years C) 3.23 years D) 3.74 years E) 3.59 years 15) Auto Detailers is buying some new equipment where the average book value of this equipment during its life will be $100,000. The equipment is expected to generate net income of $11,000 a year for the first four years and $24,000 a year for the last four years. What is the average accounting rate of return? A) 17.5 percent B) 16.2 percent C) 11.8 percent D) 20.8 percent E) 17.9 percent