A project produces annual net income amounts of $8,200, $17,800, and $20,900 over its 3 year life. The initial cost is $198,900, which is depreciated straight-line to a zero book value over three years. What is the average accounting rate of return if the required discount rate is 14.5 percent? Multiple Choice 15.72 percent 16.67 percent 898 percent 725 percent C Prex 75 of 120Next > 2 3 4 6 8 9