A new project has an initial cost of $154,000. The equipment will be depreciated on a straight-line basis to a book life of the project. The projected net income each year is $14700, $17,800, $22,800 and $14,600, respectively. W Multiple Choice 9.08% 22.69% 15.BBS 18.09% 20.39% A new project has an initial cost of $154,000. The equipment will be depreciated on a straight-line basis to a book life of the project. The projected net income each year is $14700, $17,800, $22,800 and $14,600, respectively. W Multiple Choice 9.08% 22.69% 15.BBS 18.09% 20.39%