Exercise 14-27 Name: In the gray-shaded cells, enter the appropriate amounts or formulas, or select from the drop-down list. An asterisk (*) will appear in the column to the right of an incorrect amount. 1. Yearly income related to project: Revenues Cash expenses Depreciation Average net income Average Rate of Accounting net income Investment = return rate of return . Accounting rate of return (ARR): Average Rate of net income / Investment = return Project A: Project B: Average net income ARR = Investment 3. Initial investment Yearly ARR X Investment = income 4. Ave. net income