A project has an initial cost of $74,000 and a four-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 $3000, $4400, $5000, and $4500 a year for the next four years, respectively. What is the average accounting return?

value: 1000 points A preject has an mltlal cost of $74,000 and a four-year life. The company uses stratght-Hne depreciation to a book value of zero over the hfe of the pI'OJect. The projected net Income from the project is 53,000. $4,40O, SSDOO, and $4,500 a year for the next four years, respectlveiy. What IS the average accounting return? O 8.76 percent 0 1142 percent 5.71 percent 0 2284 percent 0 4108 percent