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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 $ 1 1

You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.6 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,814,300,$1,867,600,$1,836,000, and $1,289,500 over these four years, respectively, what is the project's average accounting return (AAR)?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Average accounting return
%
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