Colin is analyzing a 3-year project that has an initial cost of $199,800. This cost will be depreciated straight-line to zero over three years. The projected annual net income for the three years is $11,600, $15,900, and $17,200. If the discount rate is 12 percent, what is the average accounting rate of return?
A) 13.94 percent
B) 14.91 percent
C) 15.66 percent
D) 14.75 percent
E) 15.31 percent

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The Answer of Colin is analyzing a 3-year project that has an initial cost of $199,800. This cost will be depreciated straight-line to zero over three years. The projected annual net income for the three years is $11,600, $15,900, and $17,200. If the discount rate is 12 percent, what is the average accounting rate of return?
A) 13.94 percent
B) 14.91 percent
C) 15.66 percent
D) 14.75 percent
E) 15.31 percent

Colin Is Analyzing a 3-Year Project That Has an Initial