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GuSont Inc. was considering an investment in the following project: Required initial investment $1,086,000 Net annual cash inflow $180,500 Annual depreciation Estimated salvage value $182,400

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GuSont Inc. was considering an investment in the following project: Required initial investment $1,086,000 Net annual cash inflow $180,500 Annual depreciation Estimated salvage value $182,400 Life of project in years $56,475 16 Assume that cash inflows occur evenly throughout the year The estimated average accounting rate of return is 26.4% 27.7% 26.9% 27.5% 25.8%

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