A project has an initial cost of $38,000 and a four-year life
January 5th, 2018
A project has an initial cost of $38,000 and a four-year life. The company uses straight-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?