What is the average accounting return on this project, Financial Management

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What is the average accounting return on this project

Jake’s dog toys is planning an expansion project of a new factory. He estimates the full cost to be $15 million, depreciated straight-line to zero over its 5-year tax life. Jake forecasts the following net incomes (in millions) 1.4, 1.4, 1.8, 2.3, 2.5. What is the average accounting return on this project? (AAR)

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Financial Management: What is the average accounting return on this project

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