A project with an initial cost of $23,050 is expected to generate cash flows of $5,400, $7,500, $8,500, $7,400, and $6,200 over each of the next five years, respectively. What is the project's payback period? Mountain Frost is considering a new project with an initial cost of $190,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four year life of the project. The projected net income for each year is $19,700, $20,600, $24,600, and $16,600, respectively. What is the average accounting return