MC algo 8-6 Calculating AAR Mountain Frost is considering a new project with an initial cost of $290,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $21,700, $22,600, $24,600, and $18,600, respectively. What is the average accounting return? Multiple Choice 7.54% 16.16% 13.83% 15.09% 11.31%