A new project has an initial cost of $235,000. 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 $13,100, $17,700, $19,880, $15,000, and $11,600, respectively. What is the average accounting return? Multiple Choice O O 9.37% 12.06% 5.59% 13.15%

A new project has an initial cost of $235,000. The equipment will be depreciated on a straight-line basis to a zero book value over the fiveyear life of the project. The projected net income each year is $13,100,$17,700,$19,880,$15,000, and $11,600, respectively. What is the average accounting return? Multiple Choice 937% 1206% 559x 1215%