Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sinan is considering investing in a project with a

Sinan is considering investing in a project with an initial cost of $62,000 and a...

70.2K

Verified Solution

Question

Accounting

image

Sinan is considering investing in a project with an initial cost of $62,000 and a four-year life span. Sinan will depreciate the assets to zero on a straight-line basis over those four years. The projected net income from the project is $2,400, $4,100, $4,700, and $4,500 a year for the next four years, respectively. What is the project's average accounting return? 6.33 percent 7.90 percent O 25.32 percent 12.66 percent 47.10 percent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students