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A new project has an initial cost of $ 1 7 5 , 0 0 0 . The equipment will be depreciated on a straight

A new project has an initial cost of $175,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $12,500,$16,500,$18,440, $14,400, and $10,400, respectively. What is the average accounting return?
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