You$$re trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $$12$ million, which will be depreciated straight$-$line to zero over its four$-$year life. If the plant has projected net income of $$1,859,700,$ $$1,913,000,$ $$1,881,400,$ and $$1,334,900$ over these four years, what is the project$$s average accounting return $($AAR$)?($Round the final answer to $2$ decimal places.$)$

You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost

of $$12$ million, which will be depreciated straight$-$line to zero over its four$-$year life. If the plant has projected net income of $$1,859,700,$

$$1,913,000,$$$1,881,400,$ and $$1,334,900$ over these four years, what is the project's average accounting return $($AAR$)?($Round the final

answer to $2$ decimal places.$)$

Average accounting returnAverage accounting return $\%$