MC algo 8-7 Calculating AAR 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 $12,650, $16,800, $18,800, $14,550, and $10,700, respectively. What is the average accounting return? 14.18% 16.58% o 15.47% o 11.04% o 6.61%