A project has an initial cost of $35,000 and a 3-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 $1,200, $2,300, and $1,800 a year for the next 3 years, respectively. What is the average accounting return?
A)8.72 percent
B)10.10 percent
C)11.26 percent
D)14.69 percent
E)15.14 percent

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The Answer of A project has an initial cost of $35,000 and a 3-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 $1,200, $2,300, and $1,800 a year for the next 3 years, respectively. What is the average accounting return?
A)8.72 percent
B)10.10 percent
C)11.26 percent
D)14.69 percent
E)15.14 percent

A Project Has an Initial Cost of $35,000 and a 3-Year