A project has an initial cost of $27,000 and a three year We The company uses straight-line depreciation to a book value of zero over the life of the project The projected net income from the project net income from the project is $1, 600 $2, 200 and $1, 700 a year for the next three years respectively. What is the average accounting return? Select one a. 6.79 percent b. 13.59 percent c. 7.35 percent d. 14.69 percent e. 10.14 percent