Assume a project has an initial cost of $48,000 and will produce net income for 5 years. The project will use straight-line depreciation over the life of the project. The AAR of this project can be computed as Question 25 options: ($48,000 / 2) / (Sum of all net income / 2) (Sum of all net income / 5) / ($48,000 / 2) (Sum of all net income / 2) / ($48,000 / 2) (Sum of all net income / 5) / $48,000 ($48,000 / 5) / (Sum of all net income / 5)