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24. A project has an initial cost of $27,000 and a three-year life. The company...

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24. A project has an initial cost of $27,000 and a three-year life. The company uses straight- line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,600, $2,200, and $1,700 a year for the next three years, respectively. What is the average accounting return? A. 6.79 percent B. 13.58 percent c. 7.35 percent D. 14.69 percent E. 10.14 percent 25. In actual practice, managers most frequently use which two types of investment criteria? A. NPV and payback. B. AAR and IRR C. IRR and NPV. D. IRR and payback. E. NPV and PI

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