Multiple Choice
-A project produces annual net income of $46,200,$51,800,and $62,900 over its 3-year life,respectively.The initial cost of the project is $675,000.This cost 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?
A) 15.89 percent
B) 16.67 percent
C) 18.98 percent
D) 20.25 percent
E) 23.84 percent
Correct Answer:

Verified
Correct Answer:
Verified
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