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 11.31% 16.16% 13.83% 7.54% 15.09%

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 fout year ife of the project. The projected net income for each yeat $21,700,$22,600,$24,500, and $18,600, respectively What is the average occounting return? Multoie Choice 113n 1616% 754%