The Average Accounting Return Is Defined as The

The average accounting return is defined as the:

A) Present value of a project's cash flows divided by the average book value of the project's assets.
B) Present value of a project's cash flows divided by the initial investment in the project.
C) Net income derived from a project divided by the initial investment in the project.
D) Average net income derived from a project divided by the initial investment in the project.
E) Average net income derived from a project divided by the average book value of the project's fixed assets.