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The expected average rate of return for a proposed investment of $700,000 in a fixed asset, with a useful life of 4 years, straight-line depreciation,

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The expected average rate of return for a proposed investment of $700,000 in a fixed asset, with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $391,000 for the 4 years, is (round to two decimal points). @a. 13.90% b. 27.93% @c. 55.86% d. 13.97%

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