A project that required a $420,000 investment generated no net income in the first year of its operations, net income of $86,000 in the second year, and net income of $100,000 in the third year. How much is the accounting rate of return for this investment?

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The Answer of A project that required a $420,000 investment generated no net income in the first year of its operations, net income of $86,000 in the second year, and net income of $100,000 in the third year. How much is the accounting rate of return for this investment?

A Project That Required a $420,000 Investment Generated No Net