A project has an initial cost of $31,300 and a three-year life. 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 is $1.750, $2,100, and $1,700 a year for the next three years, respectively. What is the average accounting return? 10.25% 11.029 17.73% 5.919 8.873