A project has an initial cost of 70000 and a four-year life


A project has an initial cost of $70,000 and a four-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $2,800, $4,300, $4,900, and $4,500 a year for the next four years, respectively. What is the average accounting return?

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Financial Management: A project has an initial cost of 70000 and a four-year life
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