Mathematics, 22.07.2019 20:00 nicholasferrell

Aproject produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost is $197,000, which is depreciated straight-line to a zero book value over three years. what is the average accounting rate of return if the required discount rate is 14.5 percent?

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