The expected average rate of return for a proposed investment of $769,000 in a fixed asset, with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $230,000 for the 4 years, is (round to two decimal points). a. 13.90% b. 29.91% c. 7.48% d. 14.95% Lara Technologies is considering a total cash outlay of $191,000 for the purchase of land, which it could lease for $34,060 per year. If alternative investments are available that yield a 16% return, the opportunity cost of the purchase of the land is a. $3,500 b. $34,060 c. $64,620 d. $30,560