A new project has an initial cost of $$148,000.$ The equipment will be depreciated on a straight$-$line basis to a book value of $$49,000$ at the end of the four$-$year life of the project. The projected net income each year is $$14,500,$ $$17,700,$ $$22,600,$ and $$14,400,$ respectively. What is the average accounting return?