(Solved):   please with detailed explanation steps and formulas Mountain Frost is considering a new pr ...

 

please with detailed explanation steps and formulas

Mountain Frost is considering a new project with an initial cost of \( \$ 210,000 \). The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is \( \$ 20,100, \$ 21,000, \$ 24,600 \), and \( \$ 17,000 \), respectively. What is the average accounting return?