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Capital Corp. management is expecting a project to generate after-tax income of $56, 240 in each of the next three years. The average book value

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Capital Corp. management is expecting a project to generate after-tax income of $56, 240 in each of the next three years. The average book value of the project's equipment over that period will be $236, 710. If the firm's investment decision on any project is based on an ARR of 37.5 percent. (Round answer to 1 decimal places, e.g. 5.2%.) What is the project's accounting rate of return? Should the firm accept this project

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