You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost by$17million,which will be depreciated stright-line to zero over its four-year life .If the plant has projected net income of $1,735,000,$2,105,000,,$1954,000,and $1,342,000over these four years ,what is the project's average accounting return(ARR)?
ARR=Average Profit After Tax/Average investment 答案是70.9%
Year CF Average After Tax Profit
1. 1,735 4.25
2. 2,105 4.25
3. 1,954 4.25
4. 1.342 4.25
Total:7.136 17
(17-0)/4=4.25
 =21%这个是我之前算的，但是答案是70.9%，这个感觉很神奇，所以我不懂，高手指教下 | 
发表于 2011-11-24 11:20
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