We are analyzing a project and have gathered the following data. Based on this data, what is the average accounting rate of return? The project's assets will be depreciated using straight-line...

We are analyzing a project and have gathered the following data. Based on this data, what is the average accounting rate of return? The project's assets will be depreciated using straight-line depreciation to a zero book value over the life of the project.

Year
Cash Flow
Net Income

0       $285,000    n/a

1       $83,650      $12,400

2       $92,850      $21,600

3        $94,350     $23,100

4        $93,250      $22,000