MULTIPLE CHOICE
The expected average rate of return for a proposed investment of $600,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $216,000 for the 4 years, is:

a. 18%
b. 9%
c. 27%
d. 15%

Anita Marks, student, North Carolina