A project produces annual net income of $14,600, $18,700, and $23,500 over three years, respectively. The initial cost of the project is $310,800. This cost 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 9%? Multiple Choice 12.18 % O 14.29% O 18.28 % 17.67 % O 15.63%