Question - Determine the amount of the estimated average income for a proposed investment of $67,355.00 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $20,098.00 for the 4 years (round to two decimal points).
Select the correct answer.
$13,579.50
$5,024.50
$16,838.75
$20,098.00