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You're trying to determine whether to expand your business by bulding a new manufacturing plant. The plant has an installation cost of $12 million, which

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You're trying to determine whether to expand your business by bulding a new manufacturing plant. The plant has an installation cost of $12 million, which will be depreciated straight-line to zoro over its four-year life. If the plant has projected net income of $1,859,00, $1,912,400,$1,880,800, and $1,334,300 over these fouryears, What is the project's average accounting return (AAR)? (Round the final answer to 2 decimal places.) Average accounting feturn

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