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 $1,860,300, $1,913,600, $1,882,000, and $1,335,500 over these four years, what is the project's average accounting return (AAR)? (Round the final answer to 2 decimal places.) Average accounting return 14.57 X %