A new project has an initial cost of $$169,000.$ The equipment will be depreciated on a straight$-$line basis to a book value of $$63,000$ at the end of the four$-$year life of the project. The projected net income each year is $$15,200,$ $$18,050,$ $$23,300,$ and $$15,100,$ respectively. What is the average accounting return?

Multiple Choice

$21\mathrm{.}20\%$

$15\mathrm{.}44\%$

$16\mathrm{.}54\%$

$8\mathrm{.}48\%$

$18\mathrm{.}87\%$