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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

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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 straightline to zero over its four year life. If the plant has projected net income of $1,856700 $1.910,000, $1,878,400, and $1,331,900 over these four years, what is the project's average accounting return (AAR)? (Round the final answer to 2 decimal places.) Average accounting return

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