A 5-Year Project Requires $65,000 of Fixed Assets That Will

Multiple Choice

A 5-year project requires $65,000 of fixed assets that will be depreciated using straight-line depreciation to a zero book value over the life of the project.If the firm requires a minimum average accounting return of 11.65 percent,what must be the minimum average net income for the project to be accepted?

A) $7,572.50
B) $8,001.29
C) $3,786.25
D) $4,029.14
E) $5,504.73