You’re trying to determine whether to expand your business by building a new plant. The plant has an installation cost o

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You’re trying to determine whether to expand your business bybuilding a new plant. The plant has an installation cost of $12.2million, which will be depreciated straight-line to zero over itsfour year life. If the plant has projected net income of$1,874,300, $1,927,600, and $1,349,500 over these four years,respectively, what is the project’s average accounting return(AAR)