Joey has a new project has an initial cost of $190,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $17,000,$19,500, $21.500, $17,000, and $12,000, respectively. What is the average accounting return? O Round the percentage number to two decimals. E.g., if the answer is 12.3456%, type 12.35, and not 0.1235.

Joey has a new project has an initial cost of $190,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $17,000,$19,500,$21,500,$17,000, and $12,000, respectively. What is the average accounting return? - Round the percentage number to two decimals. E.g.. if the answer is 12.3456%, type 12.35 , and not 0.1235