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Question 15 (1 point) A project produces annual net income of $15,250, $18,700, and $21,750 over three years, respectively. The initial cost of the project

Question 15 (1 point) A project produces annual net income of $15,250, $18,700, and $21,750 over three years, respectively. The initial cost of the project is $315,200. This cost is depreciated straight-line to a zero book value over three years. What is the average accounting rate of return? 17.67% 12.18% 11.78%

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