A project has an initial cost of $32,000 and a 3-year life.

Assignment Help Finance A project has an initial cost of $32,000 and a 3-year life.

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A project has an initial cost of $32,000 and a 3-year life.

A project has an initial cost of $32,000 and a 3-year life. The company uses straight-line depr… Show more A project has an initial cost of $32,000 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? Please show work, thank you 🙂 Options: a) 8.72% b) 11.04% c) 11.26% d) 14.69% • Show less

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