Determine the amount of the average investment for a proposed investment of $69,836.00 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $23,279.00 for the 4 years (round to two decimal points).

Select the correct answer.

$23,279.00

$11,639.00

$17,459.00

$34,918.00