A project has an initial cost of £38,000 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 £1,000, £1,200, £1,500, and £1,700 a year for the next four years, respectively.What is the
Average accounting return?
A)3.55%
B)4.13%
C)4.28%
D)7.11%
E)14.21%

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The Answer of A project has an initial cost of £38,000 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 £1,000, £1,200, £1,500, and £1,700 a year for the next four years, respectively.What is the
Average accounting return?
A)3.55%
B)4.13%
C)4.28%
D)7.11%
E)14.21%

A Project Has an Initial Cost of £38,000 and a Four-Year