What is the average accounting rate of return

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Delta Mu Delta is considering purchasing some new equipment costing $393,000. The average book value of the equipment over the four-year life of the project is $196,500. Projected net income for the four years is $16,900, $25,300, $27,700, and $18,400. What is the average accounting rate of return?

Reference no: EM131560423

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