Determine accounting rate of return using average investment

1. Mouser Company is evaluating a capital expenditure proposal with the following predicted cash flows Initial investment $54,000 Operations: Year 1 Year 2 Year 3 Salvage value: MalLPY $20,000 15,000 25,000 or Preso Velnt Additional information for interest rate of 12 percent: Ad Total: Present value of $1-Year 1 Present value of $1-Year 2 Present value of $1-Year 3 Present value of an annuity of $1, (3 periods) 0.89286 0.79719 AF 0.71178 2.40183