Question 16 (of 20) 16 A new project has an initial cost of $240,000. The equipment will be deprecisted 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 $13,150, $17,800, $20,000, $15,050, and $11,700, respectively. What is the average accounting return? o 923% 1388% 12.95% 5.50% 11.87%