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Mountain Frost is considering a new project with an initial cost of $285,000. The equipment will be depreciated on a straight line basis to a

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Mountain Frost is considering a new project with an initial cost of $285,000. 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 $21600, $22.500, $24.600, and $18,500, respectively What is the average accounting return? Multiple Choice 12 1530% 16.39% 14 02% 11.47%

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