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The expected average rate of return for a proposed investment of $446,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $379,840 for the 4 years is (round to two decimal places) a.0.85% b.1.70% c.21.29% d.42.58%

The expected average rate of return for a proposed investment of $446,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $379,840 for the 4 years is (round to two decimal places) a.0.85% b.1.70% c.21.29% d.42.58%

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 1BE: Average rate of return Determine the average rate of return for a project that is estimated to yield...
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The expected average rate of return for a proposed investment of $446,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $379,840 for the 4 years is (round to two decimal places)

a.0.85%
b.1.70%
c.21.29%
d.42.58% 
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