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Oriole Corp. management is expecting a project to generate after-tax income of $68,970 in each of the next three years. The average book value of the project’s equipment over that period will be $215,880. If the firm’s investment decision on any project is based on an ARR of 37.5 percent. (Round answer to 1 decimal place, e.g. 5.2%.) What is the project’s accounting rate of return?

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Oriole Corp. management is expecting a project to generate after-tax income of

$68,970 in each of the next three years. The average book value of the project’s equipment over that period will be $215,880. If the firm’s investment decision on any project is based on an ARR of 37.5 percent. (Round answer to 1 decimal place, e.g. 5.2%.)

What is the project’s accounting rate of return?

 
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