Andreescu's project which costs $642,000 has projected average net income of $42,000 a year over its 4-year life. It will be depreciated using straight-line depreciation to a book value of zero over the life of the project. The firm wants to earn a minimal average accounting return of 8.5 %. The firm should the project based on the AAR of Accept; 6.5% Reject: 13.08% Accept: 13.08% Accept: 7.0% Reject: 6.5%