Net Income Annual cash flows: Year 0 Year 1 Year 2 Year 3 Year 4 A $ (500,000) $ 150,000 $ (100,000) $ 250,000 350,000 Net Income $ 10,000 $ 15,500 $20,000 $ 52,500 $ (500,000) $ 350,000 $ 250,000 $ (100,000) $ 150,000 $ 30,000 $ 20,000 $ 18,000 $ 10,000 Required Return 10.00% 10.00% What is the Average Accounting Return (AAR) for Project A