What is average accounting return

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Mountain Frost is considering a new project with an initial cost of $260,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $21,100, $22,000, $24,600, and $18,000, respectively. What is the average accounting return?

Reference no: EM132016723

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