A Project Has an Initial Cost of $32,000 and a 3-Year

question 54

Multiple Choice

A project has an initial cost of $32,000 and a 3-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 $1,200,$2,300,and $1,800 a year for the next 3 years,respectively.What is the average accounting return?

• A)8.72 percent
• B)11.04 percent
• C)11.26 percent
• D)14.69 percent
• E)15.14 percent

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Definitions:

Scaffold Proteins

Proteins that organize groups of intracellular signaling molecules into signaling complexes.

Integrins

Transmembrane receptors that facilitate cell-extracellular matrix adhesion.

Ras Proteins

A group of small G proteins, named by their discovery in rat sarcoma cancer cells; important in many signaling pathways.

Cyclic Adenosine

A cyclic form of adenosine monophosphate important in intracellular signaling processes.