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Calculate the Accounting Rate of Return ( ARR ) for the project with the following net income. Initial Investment $ 3 , 0 0 0

Calculate the Accounting Rate of Return (ARR) for the project with the following net income.
Initial Investment $3,000
Net Income in Year 1 $1,500
Net Income in Year 2 $1,800
Net Income in Year 3 $2,200
Net Income in Year 4 $2,500
Group of answer choices
33.33%
66.67%
133.33%
166.67%

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