A project has an initial cost of £38,000 and a four-year life.The company usesstraight-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 usesstraight-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