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Mountain Frost is considering a new project with an initial cost of $225,000. The equipment...

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Finance

Mountain Frost is considering a new project with an initial cost of $225,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $20,400, $21,300, $24,600, and $17,300, respectively. What is the average accounting return?

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