Question 8 (1 point) Beta Delta Omicron paid $400,000 for equipment that is depreciated on a straight- line basis to a zero book value over the four-year life of the project. Projected net income for the four years is $18,800, $21,400, $27,700, and $24,000. What is the average accounting rate of return? 13.20% 11.49% 12.01% O 12.49% 11.63%